PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 110,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 110,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $17.40 per share, with a total value of $1,914,000.00. Following the completion of the transaction, the insider now directly owns 30,696,998 shares of the company’s stock, valued at approximately $534,127,765.20. The trade was a 0.36 % increase in their ownership of the stock. 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 Friday, March 28th, Control Empresarial De Capital bought 20,000 shares of PBF Energy stock. The stock was acquired at an average cost of $19.09 per share, with a total value of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital acquired 155,000 shares of PBF Energy stock. The stock was acquired at an average cost of $20.20 per share, with a total value of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was bought at an average price of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were bought 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 purchased at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital purchased 60,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were 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 acquired 100,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Stock Performance

NYSE PBF opened at $14.29 on Wednesday. The company’s 50 day simple moving average is $22.10 and its two-hundred day simple moving average is $27.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $61.15. The stock has a market capitalization of $1.65 billion, a PE ratio of -3.03 and a beta of 1.15.

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

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is presently -23.35%.

Analyst Ratings Changes

Several research firms recently weighed in on PBF. Mizuho cut their price objective on PBF Energy from $28.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley reduced their price target on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Piper Sandler dropped their price objective on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 7th. TD Cowen reduced their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group dropped their price target 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. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of PBF Energy by 2,119.6% in the fourth 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 during the period. Neo Ivy Capital Management bought a new stake in shares of PBF Energy in the third quarter worth about $2,404,000. Heartland Advisors Inc. purchased a new position in PBF Energy during the 4th quarter valued at about $1,420,000. Norges Bank bought a new position in PBF Energy during the 4th quarter valued at approximately $20,896,000. Finally, Raymond James Financial Inc. purchased a new stake in PBF Energy in the 4th quarter worth approximately $1,654,000. 96.29% of the stock is owned by institutional investors.

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.