PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 20,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 20,000 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $19.09 per share, with a total value of $381,800.00. Following the completion of the acquisition, the insider now owns 30,534,998 shares of the company’s stock, valued at $582,913,111.82. This trade represents a 0.07 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Control Empresarial De Capital bought 155,000 shares of PBF Energy stock. The shares were acquired at an average price of $20.20 per share, with a total value of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were purchased at an average cost of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital bought 46,000 shares of PBF Energy stock. The shares were 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 purchased 60,000 shares of PBF Energy stock. The stock was purchased 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 shares were acquired at an average price of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Price Performance

NYSE PBF opened at $19.21 on Wednesday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -4.08 and a beta of 1.62. PBF Energy Inc. has a 12 month low of $18.20 and a 12 month high of $62.88. The company’s 50 day moving average is $23.81 and its two-hundred day moving average is $28.01. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

PBF Energy (NYSE:PBF) last issued its earnings results 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 net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. As a group, research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.72%. PBF Energy’s dividend payout ratio is currently -23.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PBF. Xponance Inc. raised its stake in PBF Energy by 2.6% during the fourth quarter. Xponance Inc. now owns 14,123 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 364 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of PBF Energy by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock valued at $1,084,000 after buying an additional 459 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of PBF Energy by 0.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 72,672 shares of the oil and gas company’s stock valued at $1,931,000 after buying an additional 480 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of PBF Energy by 28.2% in the 4th quarter. Spire Wealth Management now owns 2,660 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 585 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 614 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Mizuho cut their price objective on PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. The Goldman Sachs Group dropped their target price on PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, UBS Group cut their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.55.

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.