PBF Energy Inc. (NYSE:PBF) Insider Buys $3,131,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 155,000 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the purchase, the insider now directly owns 30,249,998 shares in the company, valued at $611,049,959.60. This trade represents a 0.52 % 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 Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was acquired at an average price of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were bought at an average price of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was bought at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were bought at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The stock was purchased at an average price of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were purchased at an average cost of $30.82 per share, with a total value of $9,246,000.00.

PBF Energy Stock Up 4.5 %

Shares of PBF Energy stock opened at $20.97 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy Inc. has a 1-year low of $18.97 and a 1-year high of $62.88. The business has a 50-day moving average of $26.64 and a 200-day moving average of $29.68. The company has a market capitalization of $2.42 billion, a PE ratio of -4.45 and a beta of 1.60.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. As a group, equities analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.25%. PBF Energy’s dividend payout ratio is presently -23.35%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. increased its position in shares of PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after purchasing an additional 1,272,254 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in PBF Energy by 391.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after purchasing an additional 1,226,909 shares in the last quarter. Norges Bank bought a new stake in PBF Energy in the fourth quarter valued at about $20,896,000. Recurrent Investment Advisors LLC increased its holdings in PBF Energy by 154.0% in the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock valued at $25,096,000 after buying an additional 573,161 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock valued at $39,628,000 after buying an additional 562,287 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PBF. UBS Group reduced their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Finally, TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and lowered their price target for the company from $27.00 to $20.00 in a report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and an average target price of $29.55.

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.