PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 250,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 250,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was purchased at an average price of $31.78 per share, for a total transaction of $7,945,000.00. Following the completion of the acquisition, the insider now owns 22,952,398 shares of the company’s stock, valued at approximately $729,427,208.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 25th, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were acquired at an average cost of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital bought 265,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.29 per share, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital acquired 805,300 shares of PBF Energy stock. The shares were acquired at an average price of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The shares were acquired at an average cost of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The shares were bought at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The shares were bought at an average price of $39.22 per share, for a total transaction of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The stock was bought 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 purchased 102,000 shares of PBF Energy stock. The stock was purchased at an average cost of $44.91 per share, for a total transaction of $4,580,820.00.

PBF Energy Stock Performance

Shares of PBF opened at $31.35 on Friday. The company has a market cap of $3.72 billion, a PE ratio of 2.17 and a beta of 1.56. The firm has a 50-day moving average of $35.15 and a 200-day moving average of $45.18. PBF Energy Inc. has a one year low of $30.58 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 EPS. As a group, equities analysts forecast that PBF Energy Inc. will post 0.6 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Institutional Investors Weigh In On PBF Energy

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of PBF Energy by 95.3% in the first quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 224 shares during the period. Rise Advisors LLC acquired a new position in PBF Energy in the 1st quarter valued at about $27,000. National Bank of Canada FI bought a new position in PBF Energy in the 2nd quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new stake in PBF Energy during the fourth quarter worth approximately $29,000. Finally, CWM LLC boosted its holdings in shares of PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PBF. Morgan Stanley decreased their price objective on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Wolfe Research initiated coverage on shares of PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and an average target price of $47.91.

PBF Energy Company Profile

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.