PBF Energy Inc. (NYSE:PBF) Insider Purchases $3,128,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $31.28 per share, for a total transaction of $3,128,000.00. Following the completion of the acquisition, the insider now owns 26,532,498 shares of the company’s stock, valued at approximately $829,936,537.44. This represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The shares were purchased at an average cost of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 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 bought 300,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.01 per share, with a total value 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 acquired 287,100 shares of PBF Energy stock. The shares were acquired at an average price of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital bought 1,000,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The shares were bought at an average cost 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 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 purchased 250,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.78 per share, with a total value of $7,945,000.00.

PBF Energy Price Performance

Shares of PBF Energy stock opened at $31.99 on Friday. The company has a 50-day simple moving average of $31.57 and a two-hundred day simple moving average of $37.81. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -12.35 and a beta of 1.56. 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 (NYSE:PBF) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $6.61 EPS. The company’s quarterly revenue was down 21.9% compared to the same quarter last year. Analysts forecast that PBF Energy Inc. will post -2.79 EPS for the current year.

PBF Energy Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is -42.47%.

Institutional Investors Weigh In On PBF Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of PBF Energy by 5.3% during the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 395 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of PBF Energy by 9.3% in the 1st quarter. Advisors Asset Management Inc. now owns 35,228 shares of the oil and gas company’s stock valued at $2,028,000 after purchasing an additional 2,996 shares in the last quarter. Magnetar Financial LLC bought a new stake in PBF Energy during the 1st quarter worth $1,394,000. BOKF NA grew its stake in shares of PBF Energy by 77.9% in the first quarter. BOKF NA now owns 4,871 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 2,133 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of PBF Energy by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 189,462 shares of the oil and gas company’s stock worth $10,908,000 after acquiring an additional 11,683 shares during the period. Institutional investors own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

PBF has been the topic of a number of research analyst reports. StockNews.com cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Piper Sandler cut PBF Energy from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $47.00 to $25.00 in a research report on Friday, September 20th. Tudor Pickering raised PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Scotiabank dropped their price target on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut shares of PBF Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $53.00 to $40.00 in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.18.

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.