Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Buys 1,000,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 1,000,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $31.75 per share, for a total transaction of $31,750,000.00. Following the completion of the purchase, the insider now owns 24,462,398 shares of the company’s stock, valued at approximately $776,681,136.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 30th, Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock. The shares were purchased at an average price of $30.85 per share, with a total value of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were purchased at an average price of $30.93 per share, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital purchased 805,300 shares of PBF Energy stock. The shares were bought at an average price of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were bought at an average price of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock. The shares were bought at an average price of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The shares were bought at an average price of $39.22 per share, with a total value of $12,040,540.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded up $1.22 during trading on Thursday, reaching $33.62. 3,250,698 shares of the stock traded hands, compared to its average volume of 2,156,747. PBF Energy Inc. has a 52-week low of $30.17 and a 52-week 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. The company has a 50-day moving average of $33.27 and a 200-day moving average of $42.74. The stock has a market capitalization of $3.99 billion, a P/E ratio of 2.24 and a beta of 1.55.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The company had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’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. Analysts forecast that PBF Energy Inc. will post -0.05 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Analyst Ratings Changes

Several brokerages recently issued reports on PBF. Wolfe Research began coverage on PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company cut their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $42.00 to $35.00 in a research report on Friday, October 4th. Morgan Stanley cut their price objective on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut PBF Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.09.

Institutional Trading of PBF Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise lifted its holdings in PBF Energy by 10.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC increased its stake in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 224 shares during the last quarter. Retirement Systems of Alabama increased its stake in PBF Energy by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after acquiring an additional 359 shares during the last quarter. US Bancorp DE increased its stake in PBF Energy by 5.3% in the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 395 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in PBF Energy in the 1st quarter worth about $27,000. Hedge funds and other institutional investors 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.