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

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of $31.28 per share, for a total transaction of $3,128,000.00. Following the completion of the purchase, the insider now directly owns 26,532,498 shares in the company, valued at $829,936,537.44. This trade represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was acquired at an average cost of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.66 per share, with a total value 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, for a total transaction 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, with a total value of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The shares were bought 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 purchased 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 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 purchased 265,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.78 per share, for a total transaction of $7,945,000.00.

PBF Energy Stock Down 0.5 %

PBF Energy stock opened at $31.99 on Friday. The firm has a 50 day moving average price of $31.57 and a 200-day moving average price of $37.81. 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 Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The company has a market capitalization of $3.68 billion, a P/E ratio of -12.35 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 21.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.61 earnings per share. As a group, equities analysts predict 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 paid a $0.275 dividend. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Wednesday, November 13th. PBF Energy’s payout ratio is currently -42.47%.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in shares of PBF Energy during the 2nd quarter valued at approximately $26,000. Quarry LP bought a new stake in PBF Energy during the 3rd quarter valued at $48,000. CWM LLC lifted its position in shares of 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 acquiring an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of PBF Energy in the third quarter worth $59,000. Finally, Blue Trust Inc. grew its position 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 valued at $68,000 after purchasing an additional 2,027 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

PBF has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company lowered their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and cut their target price for the company from $42.00 to $35.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Mizuho dropped their price objective on PBF Energy from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average target price of $34.18.

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.