Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 60,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 60,000 shares of the stock in a transaction on Tuesday, January 28th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $1,757,400.00. Following the purchase, the insider now owns 29,144,998 shares in the company, valued at $853,656,991.42. The trade was a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased 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 purchased 70,000 shares of PBF Energy stock. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were purchased at an average cost 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, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital acquired 409,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was bought at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The stock was bought at an average price of $28.37 per share, with a total value of $2,411,450.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $29.19 on Friday. 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 firm has a fifty day moving average price of $29.00 and a 200 day moving average price of $32.06. The company has a market cap of $3.36 billion, a P/E ratio of -11.27 and a beta of 1.61. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month 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) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.61 EPS. Sell-side analysts predict that PBF Energy Inc. will post -3.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its position in PBF Energy by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 78,239 shares of the oil and gas company’s stock valued at $2,077,000 after acquiring an additional 3,000 shares during the last quarter. Hara Capital LLC lifted its position in PBF Energy by 8.5% in the fourth quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock valued at $14,586,000 after acquiring an additional 43,073 shares during the last quarter. Bfsg LLC lifted its position in PBF Energy by 14.1% in the fourth quarter. Bfsg LLC now owns 8,125 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 1,005 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in PBF Energy by 12.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 66,534 shares of the oil and gas company’s stock valued at $1,766,000 after acquiring an additional 7,110 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in PBF Energy by 2,119.6% in the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after acquiring an additional 392,776 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PBF has been the subject of several research reports. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $34.00 in a report on Monday, December 9th. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.00.

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.