Control Empresarial De Capital Acquires 20,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 20,000 shares of PBF Energy stock in a transaction on Friday, March 28th. The shares were acquired at an average price of $19.09 per share, for a total transaction of $381,800.00. Following the completion of the acquisition, the insider now owns 30,534,998 shares of the company’s stock, valued at approximately $582,913,111.82. This represents a 0.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The stock was acquired at an average price of $20.20 per share, with a total value of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were acquired at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The stock was bought at an average cost of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were 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 bought 100,000 shares of PBF Energy stock. The stock was 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, with a total value of $2,862,000.00.

PBF Energy Stock Performance

Shares of PBF stock traded up $0.12 during trading on Tuesday, reaching $19.21. 3,659,101 shares of the company’s stock were exchanged, compared to its average volume of 2,212,033. PBF Energy Inc. has a twelve month low of $18.24 and a twelve month high of $62.88. The firm’s fifty day moving average price is $24.04 and its 200-day moving average price is $28.10. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.22 billion, a PE ratio of -4.08 and a beta of 1.62.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 5.72%. PBF Energy’s dividend payout ratio is currently -23.35%.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in PBF. T. Rowe Price Investment Management Inc. increased its stake in shares of PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after purchasing an additional 1,272,254 shares during the period. Norges Bank bought a new position in PBF Energy during the 4th quarter worth $20,896,000. Recurrent Investment Advisors LLC increased its position in PBF Energy by 154.0% during the 4th quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock worth $25,096,000 after buying an additional 573,161 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after buying an additional 562,287 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of 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 period. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on PBF shares. Morgan Stanley reduced their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price objective on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. TD Cowen lowered their target price on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company reduced their price target on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, UBS Group lowered their price target on PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Seven 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.com, the company currently has a consensus rating of “Hold” and an average price target of $25.55.

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.