Control Empresarial De Capital Acquires 55,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 55,000 shares of PBF Energy stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average price of $30.85 per share, with a total value of $1,696,750.00. Following the acquisition, the insider now directly owns 23,462,398 shares of the company’s stock, valued at approximately $723,814,978.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, September 25th, Control Empresarial De Capital acquired 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 bought 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 purchased 250,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital acquired 805,300 shares of PBF Energy stock. The stock was bought at an average cost of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were purchased at an average cost of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock. The stock was purchased at an average price of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The stock was purchased at an average cost of $39.22 per share, for a total transaction of $12,040,540.00.

PBF Energy Stock Up 8.0 %

Shares of PBF opened at $33.70 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. PBF Energy Inc. has a 12 month low of $30.17 and a 12 month high of $62.88. The firm’s 50 day moving average is $34.29 and its 200-day moving average is $44.34. The stock has a market capitalization of $3.95 billion, a PE ratio of 2.33 and a beta of 1.56.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. Equities research analysts forecast that PBF Energy Inc. will post 0.35 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Institutional Investors Weigh In On PBF Energy

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares in the last quarter. National Bank of Canada FI bought a new position in PBF Energy in the second quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in PBF Energy during the first quarter valued at approximately $27,000. Creekmur Asset Management LLC bought a new stake in PBF Energy during the fourth quarter worth $29,000. Finally, CWM LLC boosted its holdings in shares of PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 569 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PBF has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Scotiabank decreased their target price on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Wolfe Research started coverage on PBF Energy in a report on Thursday, July 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $53.00 to $40.00 in a report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.73.

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.