Control Empresarial De Capital Purchases 307,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 307,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $39.22 per share, with a total value of $12,040,540.00. Following the completion of the transaction, the insider now owns 18,079,598 shares in the company, valued at $709,081,833.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Control Empresarial De Capital also recently made the following trade(s):

• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The stock was purchased at an average cost of $45.73 per share, with a total value of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital bought 102,000 shares of PBF Energy stock. The stock was purchased at an average cost of $44.91 per share, with a total value of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was purchased at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital bought 365,200 shares of PBF Energy stock. The stock was purchased at an average cost of $43.84 per share, with a total value of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The shares were bought at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The shares were bought at an average cost of $44.13 per share, with a total value of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital acquired 403,400 shares of PBF Energy stock. The shares were bought at an average cost of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock. The shares were bought at an average cost of $45.65 per share, with a total value of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital purchased 51,000 shares of PBF Energy stock. The stock was acquired at an average cost of $46.19 per share, with a total value of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock. The stock was acquired at an average cost of $45.37 per share, with a total value of $9,074,000.00.

PBF Energy Price Performance

PBF stock traded down $0.78 on Monday, reaching $35.42. 4,070,387 shares of the company’s stock were exchanged, compared to its average volume of 2,082,824. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.20 billion, a PE ratio of 2.40 and a beta of 1.60. PBF Energy Inc. has a twelve month low of $33.80 and a twelve month high of $62.88. The stock has a fifty day moving average of $43.16 and a 200-day moving average of $49.08.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The firm had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.68%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the company posted $2.29 EPS. As a group, equities analysts predict that PBF Energy Inc. will post 2.19 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 15th. PBF Energy’s payout ratio is currently 6.92%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PBF shares. Piper Sandler lowered their price target on PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, June 14th. The Goldman Sachs Group cut their price target on PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. TD Cowen cut their price target on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company cut their price target on PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, Mizuho cut their price target on PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.30.

Institutional Trading of PBF Energy

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in PBF Energy by 1.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,397 shares of the oil and gas company’s stock worth $1,600,000 after buying an additional 580 shares during the period. International Assets Investment Management LLC raised its holdings in shares of PBF Energy by 4,296.0% in the 4th quarter. International Assets Investment Management LLC now owns 120,670 shares of the oil and gas company’s stock worth $5,305,000 after purchasing an additional 117,925 shares during the period. Venture Visionary Partners LLC raised its holdings in shares of PBF Energy by 8.3% in the 4th quarter. Venture Visionary Partners LLC now owns 10,000 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 763 shares during the period. New York State Teachers Retirement System raised its holdings in shares of PBF Energy by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 147,789 shares of the oil and gas company’s stock worth $6,497,000 after purchasing an additional 1,429 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of PBF Energy by 19.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,136 shares of the oil and gas company’s stock worth $226,000 after purchasing an additional 853 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.