Control Empresarial De Capital Purchases 307,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 307,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $39.22 per share, with a total value of $12,040,540.00. Following the completion of the transaction, the insider now directly owns 18,079,598 shares of the company’s stock, valued at approximately $709,081,833.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, June 28th, Control Empresarial De Capital purchased 140,000 shares of PBF Energy stock. The stock was purchased at an average price of $45.73 per share, with a total value of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital purchased 102,000 shares of PBF Energy stock. The stock was purchased at an average price of $44.91 per share, with a total value of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $44.31 per share, for a total transaction of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital purchased 365,200 shares of PBF Energy stock. The shares were acquired at an average cost of $43.84 per share, for a total transaction of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital purchased 38,000 shares of PBF Energy stock. The shares were acquired at an average cost of $43.65 per share, for a total transaction of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital purchased 600,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.13 per share, for a total transaction of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital bought 403,400 shares of PBF Energy stock. The stock was purchased at an average cost of $44.36 per share, for a total transaction of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital purchased 7,500 shares of PBF Energy stock. The stock was bought at an average price of $45.65 per share, for a total transaction of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital bought 51,000 shares of PBF Energy stock. The shares were acquired at an average price of $46.19 per share, for a total transaction of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock. The shares were purchased at an average cost of $45.37 per share, with a total value of $9,074,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded down $0.78 during midday trading on Monday, reaching $35.42. 4,070,387 shares of the stock were exchanged, compared to its average volume of 2,082,824. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 2.40 and a beta of 1.60. PBF Energy Inc. has a twelve month low of $33.80 and a twelve month high of $62.88. The firm has a 50-day simple moving average of $43.16 and a two-hundred day simple moving average of $49.08. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The firm had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.68% and a net margin of 2.09%. PBF Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. As a group, analysts anticipate that PBF Energy Inc. will post 2.19 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 2.82%. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Analysts Set New Price Targets

Several research firms have commented on PBF. Mizuho decreased their price target on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Piper Sandler decreased their price objective on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Wolfe Research initiated coverage on shares of PBF Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank decreased their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, PBF Energy presently has a consensus rating of “Hold” and an average target price of $54.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PBF. National Bank of Canada FI acquired a new position in PBF Energy in the 2nd quarter valued at about $26,000. Privium Fund Management UK Ltd grew its position in PBF Energy by 139.2% in the 2nd quarter. Privium Fund Management UK Ltd now owns 25,445 shares of the oil and gas company’s stock valued at $1,177,000 after acquiring an additional 14,806 shares in the last quarter. Versor Investments LP acquired a new position in PBF Energy in the 2nd quarter valued at about $1,062,000. Convergence Investment Partners LLC grew its position in PBF Energy by 85.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 23,713 shares of the oil and gas company’s stock valued at $1,091,000 after acquiring an additional 10,908 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in PBF Energy in the 2nd quarter valued at about $267,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.