Control Empresarial De Capital Purchases 50,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 50,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $35.60 per share, with a total value of $1,780,000.00. Following the purchase, the insider now owns 18,179,598 shares in the company, valued at $647,193,688.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The shares were acquired at an average cost of $39.22 per share, for a total transaction of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The shares were acquired at an average price of $45.73 per share, with a total value of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital purchased 102,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.91 per share, for a total transaction of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital bought 365,200 shares of PBF Energy stock. The shares were acquired at an average cost of $43.84 per share, for a total transaction of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital bought 38,000 shares of PBF Energy stock. The shares were bought at an average price of $43.65 per share, for a total transaction of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital purchased 600,000 shares of PBF Energy stock. The stock was bought at an average price of $44.13 per share, with a total value of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital acquired 403,400 shares of PBF Energy stock. The shares were bought at an average cost of $44.36 per share, for a total transaction of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital bought 7,500 shares of PBF Energy stock. The stock was bought at an average price of $45.65 per share, with a total value of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital purchased 51,000 shares of PBF Energy stock. The shares were bought at an average price of $46.19 per share, for a total transaction of $2,355,690.00.

PBF Energy Price Performance

NYSE PBF traded up $0.46 during trading hours on Wednesday, reaching $36.42. 1,932,479 shares of the stock traded hands, compared to its average volume of 2,088,620. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $42.63 and a two-hundred day simple moving average of $48.98. PBF Energy Inc. has a 1 year low of $33.80 and a 1 year high of $62.88. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 2.49 and a beta of 1.60.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The firm had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.68%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.29 earnings per share. On average, analysts predict that PBF Energy Inc. will post 2.19 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. PBF Energy’s payout ratio is 6.92%.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in PBF. Banque Cantonale Vaudoise increased its stake in PBF Energy by 10.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 172 shares during the period. Fifth Third Bancorp increased its stake in shares of PBF Energy by 30.4% in the first quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock worth $55,000 after buying an additional 222 shares during the period. GAMMA Investing LLC raised its holdings in PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares during the last quarter. Center For Asset Management LLC boosted its position in PBF Energy by 3.9% during the 1st quarter. Center For Asset Management LLC now owns 6,127 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 228 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in PBF Energy by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,598 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wolfe Research initiated coverage on shares of PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Mizuho cut their price target on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Wells Fargo & Company decreased their price target on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. TD Cowen lowered their price objective on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Finally, Scotiabank lowered their price objective on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $54.30.

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.