PBF Energy Inc. (NYSE:PBF) Insider Purchases $7,945,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 250,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was bought at an average price of $31.78 per share, for a total transaction of $7,945,000.00. Following the completion of the transaction, the insider now directly owns 22,952,398 shares in the company, valued at $729,427,208.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was bought at an average price of $30.93 per share, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.87 per share, for a total transaction of $8,445,550.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The stock was 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 shares were purchased at an average price of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The stock was purchased 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 purchased 50,000 shares of PBF Energy stock. The stock was acquired at an average cost of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The shares were acquired at an average cost of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The stock was acquired at an average cost of $45.73 per share, for a total transaction of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital purchased 102,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.91 per share, with a total value of $4,580,820.00.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $31.35 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $35.15 and a 200 day simple moving average of $45.18. PBF Energy Inc. has a fifty-two week low of $30.58 and a fifty-two week high of $62.88. The firm has a market cap of $3.72 billion, a P/E ratio of 2.17 and a beta of 1.56.

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 the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts predict that PBF Energy Inc. will post 0.6 earnings per share 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 given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. PBF Energy’s payout ratio is presently 6.92%.

Institutional Investors Weigh In On PBF Energy

Institutional investors have recently modified their holdings of the business. Hennessy Advisors Inc. boosted its stake in PBF Energy by 18.4% in the first quarter. Hennessy Advisors Inc. now owns 578,934 shares of the oil and gas company’s stock valued at $33,329,000 after acquiring an additional 89,900 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of PBF Energy by 763.4% in the 1st quarter. Van ECK Associates Corp now owns 208,586 shares of the oil and gas company’s stock valued at $12,008,000 after purchasing an additional 184,426 shares during the period. Norges Bank bought a new position in shares of PBF Energy in the 4th quarter worth $54,832,000. Acadian Asset Management LLC grew its stake in shares of PBF Energy by 4.8% during the first quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company’s stock worth $60,689,000 after purchasing an additional 48,525 shares during the period. Finally, Magnetar Financial LLC bought a new stake in PBF Energy in the first quarter valued at about $1,394,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PBF shares. JPMorgan Chase & Co. lowered their price objective on PBF Energy from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company lowered their price target on PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Wolfe Research began coverage on shares of PBF Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group lowered their target price on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group cut their price target on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average price target of $47.91.

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.