Control Empresarial De Capital Buys 287,100 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 287,100 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of $31.91 per share, with a total value of $9,161,361.00. Following the completion of the acquisition, the insider now owns 24,751,498 shares of the company’s stock, valued at approximately $789,820,301.18. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, October 15th, Control Empresarial De Capital purchased 1,000,000 shares of PBF Energy stock. The shares were acquired 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 bought 55,000 shares of PBF Energy stock. The stock was acquired at an average price of $30.85 per share, with a total value of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The stock was acquired 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 acquired 265,000 shares of PBF Energy stock. The shares were bought 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 purchased 250,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.78 per share, for a total transaction of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital acquired 805,300 shares of PBF Energy stock. The stock was purchased at an average cost of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock. The stock was acquired at an average cost of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital bought 50,000 shares of PBF Energy stock. The shares were acquired at an average price of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The stock was bought at an average price of $39.22 per share, with a total value of $12,040,540.00.

PBF Energy Stock Up 1.0 %

Shares of PBF stock traded up $0.33 during trading hours on Friday, hitting $32.18. 1,260,933 shares of the company were exchanged, compared to its average volume of 2,147,583. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 5.30 and a beta of 1.55. PBF Energy Inc. has a one year low of $30.17 and a one year high of $62.88. The business’s 50-day simple moving average is $32.88 and its two-hundred day simple moving average is $41.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The firm had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Sell-side analysts predict that PBF Energy Inc. will post -2.27 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.11%. PBF Energy’s payout ratio is 16.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America started coverage on PBF Energy in a research report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price for the company. Wolfe Research assumed coverage on PBF Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Morgan Stanley dropped their price objective on shares of PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Mizuho decreased their target price on shares of PBF Energy from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, PBF Energy presently has a consensus rating of “Hold” and an average price target of $36.09.

Institutional Trading of PBF Energy

A number of institutional investors and hedge funds have recently modified their holdings of PBF. GAMMA Investing LLC boosted its holdings in shares of PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 224 shares during the period. National Bank of Canada FI acquired a new position in PBF Energy in the second quarter valued at approximately $26,000. CWM LLC grew 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 purchasing an additional 569 shares during the last quarter. Blue Trust Inc. raised its position in shares of PBF Energy by 1,291.1% during 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 during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of PBF Energy during the 1st quarter worth approximately $82,000. 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.