PBF Energy Inc. (NYSE:PBF) Insider Acquires $6,068,400.00 in Stock

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

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

• On Wednesday, November 27th, Control Empresarial De Capital acquired 409,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The stock was purchased 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 stock was purchased at an average cost of $31.28 per share, with a total value of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital acquired 85,000 shares of PBF Energy stock. The stock was purchased at an average cost 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 bought 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 purchased 300,000 shares of PBF Energy stock. The shares were bought at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The shares were bought 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 bought at an average price of $31.91 per share, for a total transaction of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital purchased 1,000,000 shares of PBF Energy stock. The shares were bought 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 shares were bought at an average price of $30.85 per share, for a total transaction of $1,696,750.00.

PBF Energy Stock Performance

Shares of PBF traded up $1.22 during trading hours on Monday, reaching $32.71. 2,345,080 shares of the company traded hands, compared to its average volume of 2,163,072. The stock’s fifty day moving average is $31.45 and its 200 day moving average is $37.01. The stock 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 debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company posted $6.61 EPS. The firm’s quarterly revenue was down 21.9% on a year-over-year basis. Equities research analysts anticipate that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

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

Analyst Upgrades and Downgrades

PBF has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Bank of America initiated coverage on shares of PBF Energy in a report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price objective for the company. Morgan Stanley decreased their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Finally, Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in PBF Energy in the third quarter worth about $1,642,000. Neo Ivy Capital Management bought a new stake in PBF Energy during the third quarter worth about $2,404,000. Vestcor Inc grew its stake in PBF Energy by 1,513.2% during the third quarter. Vestcor Inc now owns 14,712 shares of the oil and gas company’s stock worth $455,000 after buying an additional 13,800 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in PBF Energy by 108.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 43,902 shares of the oil and gas company’s stock worth $1,359,000 after buying an additional 22,852 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in PBF Energy during the third quarter worth about $1,415,000. Institutional investors and hedge funds 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.