Control Empresarial De Capital Buys 20,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $381,800.00. Following the transaction, the insider now owns 30,534,998 shares of the company’s stock, valued at $582,913,111.82. The trade was a 0.07 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 3rd, Control Empresarial De Capital acquired 155,000 shares of PBF Energy stock. The shares were acquired at an average price of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital purchased 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 shares were bought at an average price of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The stock was bought 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 purchased 100,000 shares of PBF Energy stock. The stock was bought at an average price of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Stock Down 14.5 %

Shares of PBF Energy stock opened at $16.72 on Friday. PBF Energy Inc. has a 1-year low of $16.51 and a 1-year high of $62.88. The company has a market capitalization of $1.93 billion, a PE ratio of -3.55 and a beta of 1.62. 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 business has a 50-day moving average of $23.34 and a 200-day moving average of $27.87.

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

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 6.58%. PBF Energy’s dividend payout ratio is presently -23.35%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after purchasing an additional 1,272,254 shares during the last quarter. Norges Bank bought a new position in PBF Energy during the 4th quarter worth approximately $20,896,000. Recurrent Investment Advisors LLC grew its position in shares of PBF Energy by 154.0% in the 4th quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock worth $25,096,000 after acquiring an additional 573,161 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after acquiring an additional 562,287 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after acquiring an additional 392,776 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho dropped their price target on PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday. UBS Group cut their price target on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. TD Cowen cut their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, PBF Energy currently has a consensus rating of “Hold” and a consensus price target of $25.55.

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.