PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 341,500 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 341,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $26.86 per share, for a total transaction of $9,172,690.00. Following the completion of the purchase, the insider now directly owns 28,814,998 shares in the company, valued at $773,970,846.28. This represents a 1.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were bought at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were bought at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The shares were bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 acquired 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 acquired 85,000 shares of PBF Energy stock. The shares were acquired at an average cost of $28.37 per share, for a total transaction 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 cost of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The stock was purchased 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 bought 287,100 shares of PBF Energy stock. The stock was purchased at an average cost of $31.91 per share, for a total transaction of $9,161,361.00.

PBF Energy Stock Performance

Shares of PBF opened at $25.15 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.90 billion, a P/E ratio of -9.71 and a beta of 1.57. The company has a 50-day moving average of $30.63 and a two-hundred day moving average of $35.23. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business’s revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.61 EPS. As a group, research analysts predict that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is currently -42.47%.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently modified their holdings of PBF. National Bank of Canada FI acquired a new position in shares of PBF Energy in the second quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of PBF Energy in the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy in the third quarter valued at approximately $59,000. Blue Trust Inc. raised its position in shares of PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in PBF Energy by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock valued at $81,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PBF. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Morgan Stanley reduced their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. cut shares of PBF Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.45.

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.