Control Empresarial De Capital Buys 100,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average price of $44.31 per share, for a total transaction of $4,431,000.00. Following the completion of the acquisition, the insider now owns 17,307,598 shares in the company, valued at $766,899,667.38. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, June 20th, Control Empresarial De Capital acquired 365,200 shares of PBF Energy stock. The shares were bought at an average price of $43.84 per share, for a total transaction 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, for a total transaction of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital bought 600,000 shares of PBF Energy stock. The stock was 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 stock was purchased 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 bought 7,500 shares of PBF Energy stock. The shares were purchased 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 bought 51,000 shares of PBF Energy stock. The stock was purchased at an average price 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 shares were purchased 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 acquired 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 Price Performance

Shares of PBF opened at $45.27 on Thursday. The company has a market cap of $5.37 billion, a P/E ratio of 3.13 and a beta of 1.63. PBF Energy Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $62.88. 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’s 50 day moving average price is $49.29 and its 200 day moving average price is $49.45.

PBF Energy (NYSE:PBF) last posted 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. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. On average, research analysts forecast that PBF Energy Inc. will post 6.08 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, May 15th. PBF Energy’s payout ratio is presently 6.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PBF shares. Wells Fargo & Company reduced their target price on PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. TD Cowen decreased their target price on shares of PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Scotiabank increased their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler reduced 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and an average price target of $55.82.

Institutional Trading of PBF Energy

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in PBF Energy by 95.3% during 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 in the last quarter. Rise Advisors LLC acquired a new position in shares of PBF Energy during the first quarter worth $27,000. Creekmur Asset Management LLC purchased a new position in PBF Energy in the fourth quarter valued at $29,000. Fortitude Family Office LLC acquired a new stake in PBF Energy in the fourth quarter valued at $44,000. Finally, Fifth Third Bancorp lifted its holdings in PBF Energy by 30.4% during the 1st quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock worth $55,000 after buying an additional 222 shares during the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.