Control Empresarial De Capital Buys 140,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 140,000 shares of PBF Energy stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $45.73 per share, with a total value of $6,402,200.00. Following the completion of the acquisition, the insider now owns 17,772,598 shares in the company, valued at $812,740,906.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, June 26th, Control Empresarial De Capital bought 102,000 shares of PBF Energy stock. The stock was bought at an average price of $44.91 per share, with a total value of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $44.31 per share, for a total transaction of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital acquired 365,200 shares of PBF Energy stock. The shares were purchased at an average cost of $43.84 per share, for a total transaction of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital purchased 38,000 shares of PBF Energy stock. The shares were acquired at an average price of $43.65 per share, for a total transaction of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The stock was acquired at an average price 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 price 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 stock was acquired at an average cost of $45.65 per share, with a total value of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The shares were 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 bought 200,000 shares of PBF Energy stock. The stock was bought at an average cost of $45.37 per share, with a total value 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, for a total transaction of $3,776,640.00.

PBF Energy Stock Performance

PBF stock opened at $46.26 on Wednesday. The company has a 50 day moving average price of $48.22 and a 200 day moving average price of $49.59. 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 debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78. The stock has a market capitalization of $5.48 billion, a PE ratio of 3.20 and a beta of 1.60.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.62 by $0.24. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. The company had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Analysts forecast that PBF Energy Inc. will post 5.26 EPS for the current year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.16%. PBF Energy’s dividend payout ratio is currently 6.92%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in 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 buying an additional 224 shares during the period. Rise Advisors LLC bought a new stake in shares of PBF Energy during the 1st quarter valued at $27,000. Creekmur Asset Management LLC acquired a new position in shares of PBF Energy in the 4th quarter valued at $29,000. Fortitude Family Office LLC bought a new position in shares of PBF Energy in the 4th quarter worth $44,000. Finally, Fifth Third Bancorp boosted its position in shares of PBF Energy by 30.4% in the 1st quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PBF. TD Cowen dropped their price objective on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Bank of America raised shares of PBF Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $74.00 in a report on Friday, March 15th. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group decreased their price target on PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $54.91.

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.