PBF Energy Inc. (NYSE:PBF) Insider Acquires $4,305,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 150,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $4,305,000.00. Following the transaction, the insider now owns 29,505,998 shares in the company, valued at approximately $846,822,142.60. The trade was a 0.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was purchased at an average price of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The shares were acquired 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 bought 60,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 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 bought 70,000 shares of PBF Energy stock. The stock was bought 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 purchased 341,500 shares of PBF Energy stock. The shares were bought at an average price of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The shares were bought at an average price of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.58 per share, with a total value of $12,916,220.00.

PBF Energy Price Performance

NYSE:PBF opened at $27.82 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. The stock’s 50-day moving average price is $28.66 and its 200-day moving average price is $31.57. The stock has a market capitalization of $3.20 billion, a PE ratio of -10.74 and a beta of 1.60.

Institutional Trading of PBF Energy

Institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of PBF Energy by 391.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after buying an additional 1,226,909 shares during the period. BNP Paribas Financial Markets raised its position in PBF Energy by 132.6% during the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after acquiring an additional 492,053 shares during the period. Van ECK Associates Corp lifted its holdings in PBF Energy by 2,119.6% during 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 purchasing an additional 392,776 shares in the last quarter. Recurrent Investment Advisors LLC acquired a new stake in shares of PBF Energy in the third quarter valued at about $11,516,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of PBF Energy during the third quarter worth about $10,506,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PBF. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Wells Fargo & Company lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $34.00 in a research report on Monday, December 9th. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.