Control Empresarial De Capital Acquires 60,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price of $29.29 per share, with a total value of $1,757,400.00. Following the transaction, the insider now owns 29,144,998 shares of the company’s stock, valued at $853,656,991.42. The trade was a 0.21 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were acquired at an average cost of $29.60 per share, for a total transaction 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 cost of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was purchased at an average cost of $30.82 per share, for a total transaction 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 stock was bought at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.28 per share, for a total transaction 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 cost of $28.37 per share, for a total transaction of $2,411,450.00.

PBF Energy Stock Performance

Shares of PBF Energy stock opened at $29.19 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of -11.27 and a beta of 1.61. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $29.00 and a 200 day moving average price of $32.06. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The company had revenue of $8.38 billion during 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%. The business’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $6.61 earnings per share. Sell-side analysts expect that PBF Energy Inc. will post -3.54 EPS for the current year.

Hedge Funds Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently modified their holdings of PBF. Sei Investments Co. raised its position in shares of PBF Energy by 27.0% in the 2nd quarter. Sei Investments Co. now owns 101,593 shares of the oil and gas company’s stock valued at $4,675,000 after purchasing an additional 21,574 shares during the last quarter. AXA S.A. raised its position in PBF Energy by 65.8% during the 2nd quarter. AXA S.A. now owns 23,378 shares of the oil and gas company’s stock worth $1,076,000 after buying an additional 9,278 shares during the last quarter. Ascent Group LLC purchased a new position in PBF Energy during the 2nd quarter worth approximately $204,000. Creative Planning raised its position in PBF Energy by 7.0% during the 2nd quarter. Creative Planning now owns 17,895 shares of the oil and gas company’s stock worth $824,000 after buying an additional 1,165 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in PBF Energy by 11.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 13,540 shares of the oil and gas company’s stock worth $623,000 after buying an additional 1,436 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PBF has been the topic of several recent research reports. Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Scotiabank dropped their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets cut shares of PBF Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $42.00 to $35.00 in a report on Friday, October 4th. Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $34.00 in a report on Monday, December 9th. Finally, TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and dropped their target price for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

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.