Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases $1,237,200.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 40,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of $30.93 per share, for a total transaction of $1,237,200.00. Following the acquisition, the insider now directly owns 23,407,398 shares in the company, valued at $723,990,820.14. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The stock was purchased 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 acquired 250,000 shares of PBF Energy stock. The stock was purchased 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 stock was purchased at an average cost 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, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 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 acquired 50,000 shares of PBF Energy stock. The stock was purchased at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The stock was purchased 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 shares were bought at an average cost of $45.73 per share, with a total value of $6,402,200.00.

PBF Energy Stock Performance

NYSE PBF opened at $31.37 on Friday. PBF Energy Inc. has a 1 year low of $30.58 and a 1 year high of $62.88. 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 stock has a market capitalization of $3.67 billion, a PE ratio of 2.17 and a beta of 1.56. The company’s 50 day simple moving average is $34.86 and its two-hundred day simple moving average is $44.96.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. Analysts predict that PBF Energy Inc. will post 0.6 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is currently 6.92%.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of PBF Energy by 95.3% during 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 in the last quarter. Rise Advisors LLC bought a new position in shares of PBF Energy during the 1st quarter valued at $27,000. National Bank of Canada FI bought a new position in shares of PBF Energy during the 2nd quarter valued at $26,000. Creekmur Asset Management LLC bought a new position in shares of PBF Energy during the 4th quarter valued at $29,000. Finally, CWM LLC grew its holdings in shares of PBF Energy by 108.6% during the 2nd 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. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PBF shares. Scotiabank reduced their target price on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company reduced their target price on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. The Goldman Sachs Group reduced their target price on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, July 1st. Finally, Tudor, Pickering, Holt & Co. downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PBF Energy presently has a consensus rating of “Hold” and a consensus target price 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.