PBF Energy Inc. (NYSE:PBF) Insider Purchases $3,128,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of $31.28 per share, with a total value of $3,128,000.00. Following the completion of the acquisition, the insider now owns 26,532,498 shares in the company, valued at $829,936,537.44. This represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 acquired at an average price 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 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 purchased 300,000 shares of PBF Energy stock. The shares were 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 bought 75,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The shares were purchased at an average cost 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 shares were purchased 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 shares were purchased at an average cost 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 stock was bought at an average cost of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.87 per share, for a total transaction of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital bought 250,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.78 per share, for a total transaction of $7,945,000.00.

PBF Energy Price Performance

Shares of PBF Energy stock traded up $0.30 during trading on Friday, reaching $32.45. The company’s stock had a trading volume of 134,414 shares, compared to its average volume of 2,171,658. The business has a 50 day moving average price of $31.58 and a 200-day moving average price of $38.04. The company has a market capitalization of $3.74 billion, a P/E ratio of -12.41 and a beta of 1.56. PBF Energy Inc. has a 12-month low of $27.94 and a 12-month high of $62.88. 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 issued its quarterly earnings data 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 firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business’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 posted $6.61 earnings per share. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -2.79 EPS for the current year.

PBF Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.39%. PBF Energy’s payout ratio is currently -42.47%.

Hedge Funds Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of PBF Energy in the second quarter worth $26,000. Quarry LP acquired a new position in shares of PBF Energy in the third quarter worth $48,000. CWM LLC raised its holdings in shares of PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy in the third quarter worth $59,000. Finally, Blue Trust Inc. raised its holdings in shares of PBF Energy by 1,291.1% in the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 2,027 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PBF shares. StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their target price on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. UBS Group lowered their target price on PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Tudor Pickering upgraded PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. downgraded 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. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.18.

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.