Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 250,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 250,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $31.78 per share, for a total transaction of $7,945,000.00. Following the completion of the purchase, the insider now owns 22,952,398 shares of the company’s stock, valued at approximately $729,427,208.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.87 per share, for a total transaction of $8,445,550.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The stock was purchased at an average price of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were purchased at an average cost of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The stock was acquired 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 purchased 307,000 shares of PBF Energy stock. The stock was acquired at an average price 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 stock was acquired at an average cost of $45.73 per share, with a total value 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.

PBF Energy Price Performance

Shares of PBF traded down $0.44 during mid-day trading on Tuesday, reaching $31.19. The stock had a trading volume of 1,959,422 shares, compared to its average volume of 2,138,869. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42. PBF Energy Inc. has a 12 month low of $30.61 and a 12 month high of $62.88. The business has a fifty day moving average of $35.34 and a 200 day moving average of $45.29. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 2.16 and a beta of 1.56.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. PBF Energy’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 earnings per share. Equities analysts predict that PBF Energy Inc. will post 1.25 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is currently 6.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PBF. UBS Group dropped their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $47.00 to $25.00 in a report on Friday. Morgan Stanley lowered their target price on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company dropped their price objective on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.91.

Hedge Funds Weigh In On PBF Energy

Several hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise lifted its position in shares of PBF Energy by 10.4% in the first quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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. Retirement Systems of Alabama grew its holdings in shares of PBF Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock valued at $7,863,000 after purchasing an additional 359 shares in the last quarter. US Bancorp DE grew its stake in shares of PBF Energy by 5.3% in the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after buying an additional 395 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of PBF Energy during the 1st quarter valued at approximately $27,000. Hedge funds and other 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.