PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 805,300 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 805,300 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $32.62 per share, with a total value of $26,268,886.00. Following the completion of the purchase, the insider now directly owns 20,634,898 shares of the company’s stock, valued at approximately $673,110,372.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 3rd, Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock. The shares were bought at an average price of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The stock was bought at an average cost of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The stock was bought at an average cost of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The shares were bought at an average price of $45.73 per share, for a total transaction of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital purchased 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 acquired 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 bought 365,200 shares of PBF Energy stock. The stock was purchased at an average price of $43.84 per share, with a total value of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The stock was purchased 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 bought 600,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.13 per share, for a total transaction of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital purchased 403,400 shares of PBF Energy stock. The stock was acquired at an average price of $44.36 per share, for a total transaction of $17,894,824.00.

PBF Energy Price Performance

PBF opened at $31.97 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $37.58 and its 200 day moving average price is $46.51. PBF Energy Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $62.88. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 2.21 and a beta of 1.57.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The company had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the business posted $2.29 EPS. As a group, sell-side analysts expect that PBF Energy Inc. will post 1.61 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently modified their holdings of PBF. GAMMA Investing LLC lifted its position 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 valued at $26,000 after purchasing an additional 224 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of PBF Energy in the first quarter valued at approximately $27,000. National Bank of Canada FI bought a new stake in shares of PBF Energy during the second quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of PBF Energy during the fourth quarter worth approximately $29,000. Finally, CWM LLC grew its holdings in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after buying an additional 569 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group dropped their price objective on PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. The Goldman Sachs Group cut their price target on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Piper Sandler decreased their price objective on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, June 14th. JPMorgan Chase & Co. reduced their price target on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Finally, Scotiabank decreased their price target on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.30.

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.