Control Empresarial De Capital Purchases 38,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 38,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $43.65 per share, for a total transaction of $1,658,700.00. Following the completion of the acquisition, the insider now directly owns 16,042,098 shares of the company’s stock, valued at approximately $700,237,577.70. The transaction was disclosed in a document filed 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 Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The stock was acquired 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 bought 403,400 shares of PBF Energy stock. The shares were acquired at an average cost of $44.36 per share, for a total transaction of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital purchased 7,500 shares of PBF Energy stock. The shares were acquired at an average price of $45.65 per share, for a total transaction of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The stock was bought 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 bought 200,000 shares of PBF Energy stock. The shares were bought at an average cost of $45.37 per share, for a total transaction of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital purchased 84,000 shares of PBF Energy stock. The stock was bought at an average cost of $44.96 per share, with a total value of $3,776,640.00.

PBF Energy Stock Performance

Shares of NYSE PBF opened at $43.08 on Thursday. The company has a market capitalization of $5.11 billion, a PE ratio of 2.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.54. The company’s fifty day moving average price is $50.47 and its 200 day moving average price is $49.33. PBF Energy Inc. has a 1 year low of $38.63 and a 1 year high of $62.88.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. The business had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.29 billion. On average, research analysts predict that PBF Energy Inc. will post 6.93 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.32%. PBF Energy’s dividend payout ratio is currently 6.92%.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in PBF Energy by 152.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,252 shares during the period. Boston Partners acquired a new position in PBF Energy during the first quarter worth $1,393,000. Invst LLC purchased a new position in PBF Energy during the first quarter valued at $913,000. EMC Capital Management acquired a new stake in shares of PBF Energy in the first quarter valued at about $652,000. Finally, Comerica Bank increased its stake in shares of PBF Energy by 13.9% during the first quarter. Comerica Bank now owns 50,951 shares of the oil and gas company’s stock worth $2,933,000 after purchasing an additional 6,219 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PBF. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Piper Sandler cut their price objective on PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. TD Cowen decreased their target price on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PBF Energy has an average rating of “Hold” and a consensus price target of $56.18.

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.