Control Empresarial De Capital Buys 40,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $27.47 per share, for a total transaction of $1,098,800.00. Following the completion of the transaction, the insider now directly owns 29,355,998 shares of the company’s stock, valued at approximately $806,409,265.06. This represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were acquired at an average price 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 stock was acquired at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The stock was bought 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 bought 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 acquired 195,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00.

PBF Energy Stock Performance

PBF Energy stock opened at $27.82 on Friday. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. 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 market cap of $3.20 billion, a P/E ratio of -10.74 and a beta of 1.60. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $31.69.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PBF. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and cut their price objective for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Bank of America initiated coverage on shares of PBF Energy in a report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price target on the stock. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased 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 report on Friday, January 10th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PBF. Fortitude Family Office LLC raised its stake in shares of PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP acquired a new stake in PBF Energy during the third quarter worth about $48,000. Harbor Capital Advisors Inc. acquired a new position in PBF Energy in the 3rd quarter valued at approximately $59,000. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy during the 4th quarter worth approximately $61,000. Finally, Blue Trust Inc. increased its position in shares of PBF Energy by 1,291.1% during 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 during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

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.