Control Empresarial De Capital Buys 1,000,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 1,000,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $31.75 per share, for a total transaction of $31,750,000.00. Following the completion of the purchase, the insider now directly owns 24,462,398 shares in the company, valued at approximately $776,681,136.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 30th, Control Empresarial De Capital bought 55,000 shares of PBF Energy stock. The stock was acquired at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were purchased 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 acquired 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 Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.78 per share, for a total transaction of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital purchased 805,300 shares of PBF Energy stock. The shares were bought 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 acquired 510,000 shares of PBF Energy stock. The stock was acquired at an average price 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 acquired at an average price 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 acquired at an average price of $39.22 per share, with a total value of $12,040,540.00.

PBF Energy Stock Performance

PBF Energy stock traded up $1.22 during mid-day trading on Thursday, reaching $33.62. 3,250,698 shares of the stock traded hands, compared to its average volume of 2,156,747. The stock has a market capitalization of $3.99 billion, a PE ratio of 2.24 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. PBF Energy Inc. has a 12-month low of $30.17 and a 12-month high of $62.88. The business’s 50-day moving average is $33.27 and its 200-day moving average is $42.74.

PBF Energy (NYSE:PBF) last released its quarterly 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 company had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 EPS. As a group, sell-side analysts predict that PBF Energy Inc. will post -0.05 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in PBF Energy by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 11,700,449 shares of the oil and gas company’s stock valued at $514,352,000 after buying an additional 69,422 shares during the last quarter. Acadian Asset Management LLC boosted its stake in PBF Energy by 32.9% during the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after buying an additional 347,268 shares during the last quarter. LSV Asset Management boosted its stake in PBF Energy by 2.7% during the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock valued at $59,409,000 after buying an additional 34,470 shares during the last quarter. American Century Companies Inc. boosted its stake in PBF Energy by 3.4% during the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock valued at $45,712,000 after buying an additional 32,862 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in PBF Energy by 14.8% during the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after buying an additional 84,532 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PBF. The Goldman Sachs Group dropped their price target on PBF Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. BMO Capital Markets lowered PBF Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $42.00 to $35.00 in a research report on Friday, October 4th. Wells Fargo & Company dropped their price target on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $53.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Piper Sandler downgraded PBF Energy from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.09.

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.