PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 100,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $31.28 per share, for a total transaction of $3,128,000.00. Following the completion of the transaction, the insider now owns 26,532,498 shares of the company’s stock, valued at $829,936,537.44. This represents a 0.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The shares were bought 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 acquired 150,000 shares of PBF Energy stock. The stock was 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 bought 300,000 shares of PBF Energy stock. The shares were purchased 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 bought 75,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, with a total value of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The stock was purchased 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 bought 1,000,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital bought 55,000 shares of PBF Energy stock. The stock was bought at an average price of $30.85 per share, with a total value of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $30.93 per share, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.78 per share, with a total value of $7,945,000.00.

PBF Energy Stock Performance

Shares of PBF traded up $0.52 during trading hours on Thursday, hitting $32.15. The company had a trading volume of 1,719,155 shares, compared to its average volume of 2,180,661. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -12.20 and a beta of 1.56. The business has a fifty day moving average of $31.57 and a 200-day moving average of $38.08. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $6.61 earnings per share. Equities analysts anticipate that PBF Energy Inc. will post -2.79 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.275 per share. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.42%. PBF Energy’s payout ratio is presently -42.47%.

Analyst Upgrades and Downgrades

PBF has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Bank of America assumed coverage on PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective for the company. Wells Fargo & Company decreased their price target on PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets cut shares of PBF Energy from an “outperform” rating to a “market perform” rating and cut their target price for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Hold” and an average target price of $34.18.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new position in PBF Energy in the 2nd quarter valued at approximately $26,000. CWM LLC grew its position in shares of PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after buying an additional 569 shares during the period. Quarry LP bought a new stake in PBF Energy in the third quarter valued at $48,000. Harbor Capital Advisors Inc. acquired a new position in PBF Energy during the 3rd quarter worth approximately $59,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of PBF Energy by 152.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,252 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

About PBF Energy

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.