Control Empresarial De Capital Purchases 600,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 600,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $44.13 per share, for a total transaction of $26,478,000.00. Following the completion of the transaction, the insider now directly owns 16,004,098 shares of the company’s stock, valued at $706,260,844.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The stock was bought at an average cost of $43.65 per share, for a total transaction of $1,658,700.00.
• On Wednesday, June 12th, Control Empresarial De Capital acquired 403,400 shares of PBF Energy stock. The stock was bought 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 acquired 7,500 shares of PBF Energy stock. The stock was bought at an average cost 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, for a total transaction 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 price 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 acquired at an average price of $44.96 per share, for a total transaction of $3,776,640.00.

PBF Energy Trading Down 2.1 %

PBF opened at $43.08 on Thursday. The company’s 50 day moving average is $50.47 and its 200-day moving average is $49.33. PBF Energy Inc. has a 1-year low of $38.63 and a 1-year high of $62.88. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.11 billion, a P/E ratio of 2.98 and a beta of 1.63.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.29 billion. Equities research analysts predict that PBF Energy Inc. will post 6.93 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.25 dividend. 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 (DPR) is presently 6.92%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Piper Sandler decreased their price target on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. upped their price target on shares of PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Wells Fargo & Company decreased their price target on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, Bank of America upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $74.00 in a research note on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.18.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in PBF Energy by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 11,700,449 shares of the oil and gas company’s stock valued at $514,352,000 after buying an additional 69,422 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PBF Energy by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,381,349 shares of the oil and gas company’s stock valued at $324,487,000 after buying an additional 120,414 shares during the last quarter. LSV Asset Management raised its holdings in PBF Energy by 20.4% in the 4th quarter. LSV Asset Management now owns 1,274,904 shares of the oil and gas company’s stock valued at $56,045,000 after buying an additional 216,400 shares during the last quarter. Norges Bank bought a new position in PBF Energy in the 4th quarter valued at approximately $54,832,000. Finally, Acadian Asset Management LLC raised its holdings in PBF Energy by 4.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company’s stock valued at $60,689,000 after buying an additional 48,525 shares during the last quarter. 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.