PBF Energy Inc. (NYSE:PBF) Insider Purchases $8,703,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 300,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $29.01 per share, for a total transaction of $8,703,000.00. Following the completion of the acquisition, the insider now owns 25,640,498 shares of the company’s stock, valued at approximately $743,830,846.98. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The shares were purchased at an average cost of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The stock was bought 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 acquired 40,000 shares of PBF Energy stock. The shares were bought at an average price of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital bought 265,000 shares of PBF Energy stock. The shares were bought at an average price 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 stock was bought at an average cost of $31.78 per share, with a total value 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, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The stock was purchased at an average price of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were purchased at an average price of $33.18 per share, for a total transaction of $16,921,800.00.

PBF Energy Trading Down 1.6 %

Shares of NYSE:PBF traded down $0.45 during mid-day trading on Friday, reaching $28.07. 2,739,947 shares of the company’s stock were exchanged, compared to its average volume of 2,179,454. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 4.75 and a beta of 1.55. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The business’s fifty day moving average price is $32.28 and its 200-day moving average price is $40.69. 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 quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.10). The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company’s quarterly revenue was down 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $6.61 EPS. On average, research analysts predict that PBF Energy Inc. will post -2.27 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio is currently 16.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new position in PBF Energy in the second quarter valued at approximately $26,000. CWM LLC boosted its holdings in PBF Energy by 108.6% in the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in PBF Energy in the third quarter valued at approximately $59,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 2,027 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of PBF Energy by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

PBF has been the subject of several recent analyst reports. Scotiabank cut their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $47.00 to $25.00 in a research note on Friday, September 20th. Bank of America began coverage on PBF Energy in a research report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company decreased their price target on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.45.

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.