PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 57,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $31.70 per share, for a total transaction of $1,806,900.00. Following the transaction, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 19th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
• 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 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 bought at an average cost 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 stock was bought 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 stock was bought 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 bought 1,000,000 shares of PBF Energy stock. The stock was 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 acquired 55,000 shares of PBF Energy stock. The stock was purchased at an average cost 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 purchased 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 bought 265,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.87 per share, with a total value of $8,445,550.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $31.39 on Friday. The stock’s 50-day simple moving average is $31.44 and its 200-day simple moving average is $37.39. The firm has a market capitalization of $3.61 billion, a PE ratio of -12.12 and a beta of 1.56. PBF Energy Inc. has a fifty-two week low of $27.94 and a fifty-two week high of $62.88. 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 (NYSE:PBF) last announced its quarterly 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 company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.61 earnings per share. As a group, equities research analysts forecast that PBF Energy Inc. will post -2.86 EPS for the current fiscal year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.275 per share. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, November 13th. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Analysts Set New Price Targets

Several research analysts have recently commented on PBF shares. The Goldman Sachs Group lowered their price objective on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Wells Fargo & Company cut their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $42.00 to $35.00 in a research note on Friday, October 4th. Finally, Bank of America started coverage on PBF Energy in a research note on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price for the company. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target of $34.18.

Hedge Funds Weigh In On PBF Energy

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of PBF Energy during the second quarter worth about $26,000. CWM LLC increased its position in PBF Energy by 108.6% during the second 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 purchased a new stake in PBF Energy in the third quarter valued at approximately $48,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of PBF Energy by 152.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 1,252 shares during the last quarter. 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.