PBF Energy Inc. (NYSE:PBF) Insider Buys $2,862,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was purchased at an average price of $28.62 per share, with a total value of $2,862,000.00. Following the acquisition, the insider now owns 28,984,998 shares of the company’s stock, valued at $829,550,642.76. The trade was a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The stock was purchased at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital acquired 341,500 shares of PBF Energy stock. The stock was purchased at an average price of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was acquired at an average cost of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital acquired 195,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The shares were bought at an average price of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.28 per share, with a total value of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital purchased 85,000 shares of PBF Energy stock. The stock was bought at an average price 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 shares were acquired at an average cost of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were bought at an average price of $29.01 per share, with a total value of $8,703,000.00.

PBF Energy Stock Down 2.5 %

PBF traded down $0.78 during trading on Thursday, reaching $30.53. The stock had a trading volume of 2,140,367 shares, compared to its average volume of 2,316,560. PBF Energy Inc. has a one year low of $24.21 and a one year high of $62.88. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $29.16 and its two-hundred day moving average is $32.98. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -11.79 and a beta of 1.61.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business 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%. PBF Energy’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.61 earnings per share. As a group, analysts expect that PBF Energy Inc. will post -2.95 earnings per share for the current year.

PBF Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio is -42.47%.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently bought and sold shares of PBF. Neo Ivy Capital Management bought a new position in PBF Energy in the 3rd quarter worth $2,404,000. Dakota Wealth Management bought a new position in shares of PBF Energy in the third quarter worth about $694,000. Intech Investment Management LLC raised its stake in PBF Energy by 165.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock valued at $1,427,000 after purchasing an additional 28,770 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in PBF Energy by 44.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company’s stock worth $1,839,000 after purchasing an additional 18,173 shares in the last quarter. Finally, Bridgewater Associates LP boosted its stake in PBF Energy by 40.5% in the 3rd quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company’s stock worth $2,896,000 after purchasing an additional 26,952 shares during the period. 96.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PBF shares. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $47.00 to $25.00 in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $42.00 to $35.00 in a report on Friday, October 4th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.