PBF Energy Inc. (NYSE:PBF) Insider Buys $2,411,450.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $28.37 per share, with a total value of $2,411,450.00. Following the acquisition, the insider now owns 26,197,498 shares in the company, valued at $743,223,018.26. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.01 per share, with a total value of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The shares were purchased 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 purchased 287,100 shares of PBF Energy stock. The shares were purchased at an average price of $31.91 per share, with a total value 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 purchased at an average price of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital bought 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.
• On Wednesday, September 25th, Control Empresarial De Capital purchased 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 purchased 265,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital bought 250,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, with a total value of $20,964,300.00.

PBF Energy Stock Down 0.8 %

Shares of PBF traded down $0.26 during trading hours on Thursday, hitting $30.58. The company had a trading volume of 2,075,354 shares, compared to its average volume of 2,190,768. The firm has a fifty day moving average price of $31.94 and a 200-day moving average price of $39.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -11.91 and a beta of 1.56. PBF Energy Inc. has a 52-week low of $27.94 and a 52-week high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. PBF Energy’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 firm earned $6.61 EPS. On average, equities research analysts forecast that PBF Energy Inc. will post -2.42 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is currently -38.61%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PBF shares. Bank of America began coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target for the company. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. Scotiabank reduced their price target on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, TD Cowen reduced their price target on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.18.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of PBF Energy by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after purchasing an additional 347,268 shares during the last quarter. LSV Asset Management grew its position in PBF Energy by 2.7% in the 2nd quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock valued at $59,409,000 after acquiring an additional 34,470 shares during the last quarter. American Century Companies Inc. grew its position in PBF Energy by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock valued at $45,712,000 after acquiring an additional 32,862 shares during the last quarter. Private Management Group Inc. grew its position in PBF Energy by 27.5% in the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock valued at $26,267,000 after acquiring an additional 183,183 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in PBF Energy by 14.8% in the 2nd quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after acquiring an additional 84,532 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

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.