PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 155,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 155,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the acquisition, the insider now directly owns 30,249,998 shares of the company’s stock, valued at approximately $611,049,959.60. The trade was a 0.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The stock was acquired at an average price of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The shares were purchased at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The shares were purchased at an average cost of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The shares were bought at an average cost of $30.82 per share, with a total value of $9,246,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded up $0.43 during mid-day trading on Tuesday, reaching $20.59. 3,236,820 shares of the company’s stock were exchanged, compared to its average volume of 2,082,166. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -4.37 and a beta of 1.60. PBF Energy Inc. has a 52 week low of $19.62 and a 52 week high of $62.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The firm has a 50-day moving average price of $26.84 and a two-hundred day moving average price of $29.81.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.34%. The ex-dividend date is Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is currently -23.35%.

Analyst Ratings Changes

Several analysts have recently commented on PBF shares. The Goldman Sachs Group reduced their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and cut their target price for the stock from $27.00 to $20.00 in a report on Friday, December 20th. UBS Group dropped their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $33.00 to $31.00 in a research note on Monday, December 16th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.55.

Institutional Investors Weigh In On PBF Energy

Large investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 1,056 shares during the last quarter. Quarry LP purchased a new position in PBF Energy during the 3rd quarter valued at about $48,000. Harbor Capital Advisors Inc. purchased a new position in PBF Energy during the 3rd quarter valued at about $59,000. Golden State Wealth Management LLC purchased a new position in PBF Energy during the 4th quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC grew its holdings in PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.