PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 195,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of $31.12 per share, for a total transaction of $6,068,400.00. Following the completion of the transaction, the insider now owns 27,563,498 shares of the company’s stock, valued at approximately $857,776,057.76. This represents a 0.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were bought 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 purchased at an average price of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.01 per share, with a total value 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 price of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital purchased 287,100 shares of PBF Energy stock. The shares were acquired 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 acquired 1,000,000 shares of PBF Energy stock. The stock was acquired at an average price 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 acquired at an average cost of $30.85 per share, for a total transaction of $1,696,750.00.

PBF Energy Price Performance

NYSE:PBF opened at $32.71 on Tuesday. The stock has a 50 day moving average of $31.45 and a two-hundred day moving average of $37.01. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88. The firm has a market cap of $3.77 billion, a P/E ratio of -12.63 and a beta of 1.56. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

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 the consensus estimate 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 business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm earned $6.61 EPS. The company’s revenue for the quarter was down 21.9% compared to the same quarter last year. On average, analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.275 dividend. 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.36%. PBF Energy’s dividend payout ratio is -42.47%.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of recent research reports. Bank of America initiated coverage on PBF Energy in a research note on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective for the company. TD Cowen decreased their price target on PBF Energy from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, November 1st. Morgan Stanley dropped their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. BMO Capital Markets cut shares of PBF Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group dropped their price target on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, PBF Energy presently has a consensus rating of “Hold” and a consensus target price of $34.18.

Hedge Funds Weigh In On PBF Energy

Institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new stake in shares of PBF Energy in the 3rd quarter worth $694,000. State of New Jersey Common Pension Fund D grew its position in PBF Energy by 44.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company’s stock worth $1,839,000 after acquiring an additional 18,173 shares during the period. Symmetry Investments LP acquired a new stake in PBF Energy during the second quarter worth $2,464,000. Stratos Wealth Advisors LLC raised its position in PBF Energy by 105.8% in the third quarter. Stratos Wealth Advisors LLC now owns 43,709 shares of the oil and gas company’s stock valued at $1,353,000 after purchasing an additional 22,470 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of PBF Energy by 165.9% in the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock valued at $1,427,000 after purchasing an additional 28,770 shares during the last quarter. 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.