PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 195,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of $31.12 per share, for a total transaction of $6,068,400.00. Following the transaction, the insider now directly owns 27,563,498 shares in the company, valued at $857,776,057.76. This represents a 0.71 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.28 per share, with a total value of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was 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 purchased 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 acquired 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 bought 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 stock was purchased at an average price of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock. The shares were purchased at an average price of $30.85 per share, for a total transaction of $1,696,750.00.

PBF Energy Stock Performance

PBF stock opened at $31.88 on Wednesday. The firm has a market cap of $3.67 billion, a PE ratio of -12.31 and a beta of 1.57. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $31.46 and a 200-day moving average price of $36.87. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.61 earnings per share. As a group, equities research analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, November 13th. 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 3.45%. PBF Energy’s dividend payout ratio is currently -42.47%.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of PBF Energy in the 2nd quarter valued at about $26,000. Quarry LP acquired a new stake in PBF Energy in the third quarter valued at approximately $48,000. CWM LLC increased its holdings 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 valued at $50,000 after acquiring an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy during the third quarter worth approximately $59,000. Finally, Blue Trust Inc. lifted its holdings in shares of PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,027 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PBF. Wells Fargo & Company cut their price target on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. TD Cowen decreased their price target on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Five research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.