Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Buys 57,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 57,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $31.70 per share, for a total transaction of $1,806,900.00. Following the completion of the transaction, the insider now owns 26,739,498 shares of the company’s stock, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were 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 purchased 85,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital purchased 287,100 shares of PBF Energy stock. The stock was acquired at an average price of $31.91 per share, for a total transaction of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock. The shares were purchased at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were bought 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 bought 265,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.87 per share, for a total transaction of $8,445,550.00.

PBF Energy Trading Down 0.6 %

Shares of NYSE PBF traded down $0.18 during trading on Wednesday, reaching $31.39. 1,762,858 shares of the company traded hands, compared to its average volume of 2,167,100. The firm’s fifty day simple moving average is $31.53 and its 200 day simple moving average is $37.48. PBF Energy Inc. has a 12-month low of $27.94 and a 12-month high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The company had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business’s quarterly revenue was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.61 EPS. As a group, equities analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is currently -42.47%.

Hedge Funds Weigh In On PBF Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Leavell Investment Management Inc. boosted its holdings in PBF Energy by 3.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock worth $488,000 after buying an additional 460 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in PBF Energy by 1.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after buying an additional 485 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in PBF Energy by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after buying an additional 543 shares during the last quarter. Highland Capital Management LLC boosted its holdings in PBF Energy by 14.2% in the 2nd quarter. Highland Capital Management LLC now owns 4,382 shares of the oil and gas company’s stock worth $202,000 after buying an additional 546 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in PBF Energy in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PBF. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $42.00 to $35.00 in a research report on Friday, October 4th. Piper Sandler cut PBF Energy from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Scotiabank lowered their price objective on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price objective on PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.18.

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.