Control Empresarial De Capital Buys 409,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 409,000 shares of PBF Energy stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $31.58 per share, with a total value of $12,916,220.00. Following the completion of the purchase, the insider now owns 27,368,498 shares of the company’s stock, valued at approximately $864,297,166.84. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The stock was acquired at an average cost of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The stock was bought at an average cost of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital bought 1,000,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The stock was bought at an average price of $30.85 per share, with a total value of $1,696,750.00.

PBF Energy Price Performance

Shares of PBF opened at $32.71 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The company has a 50 day moving average price of $31.45 and a 200-day moving average price of $37.01. PBF Energy Inc. has a fifty-two week low of $27.94 and a fifty-two week high of $62.88. The stock has a market capitalization of $3.77 billion, a PE ratio of -12.63 and a beta of 1.56.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company earned $6.61 EPS. The firm’s quarterly revenue was down 21.9% on a year-over-year basis. Equities analysts predict that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.36%. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is presently -42.47%.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently added to or reduced their stakes in PBF. Leavell Investment Management Inc. raised its stake in shares of PBF Energy by 3.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 460 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of PBF Energy by 1.7% during the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after purchasing an additional 485 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of PBF Energy by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 543 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of PBF Energy by 14.2% in the 2nd quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company’s stock worth $202,000 after purchasing an additional 546 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in PBF Energy during the 2nd quarter worth $26,000. 96.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PBF has been the subject of several analyst reports. Morgan Stanley lowered their target price on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. Mizuho dropped their price objective on PBF Energy from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, Scotiabank reduced their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.18.

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.