Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases 20,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 20,000 shares of the stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $381,800.00. Following the completion of the transaction, the insider now owns 30,534,998 shares of the company’s stock, valued at $582,913,111.82. This trade represents a 0.07 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The shares were acquired at an average price of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital purchased 60,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was bought at an average price of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were bought at an average price of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Trading Up 0.6 %

PBF Energy stock traded up $0.12 during trading hours on Tuesday, reaching $19.21. 3,659,101 shares of the company’s stock traded hands, compared to its average volume of 2,212,033. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.08 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $62.88. The firm’s 50 day moving average is $24.04 and its 200-day moving average is $28.10.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. On average, analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.72%. PBF Energy’s dividend payout ratio is currently -23.35%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PBF. Wells Fargo & Company dropped their price objective on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Piper Sandler decreased their price target on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Mizuho cut their price objective on PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Morgan Stanley cut their price target on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.55.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in PBF Energy by 30.8% in the third quarter. Citigroup Inc. now owns 158,963 shares of the oil and gas company’s stock valued at $4,920,000 after buying an additional 37,400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PBF Energy by 2.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,282 shares of the oil and gas company’s stock valued at $782,000 after acquiring an additional 620 shares during the last quarter. Captrust Financial Advisors raised its position in shares of PBF Energy by 32.8% in the 3rd quarter. Captrust Financial Advisors now owns 22,273 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 5,498 shares during the period. Verition Fund Management LLC bought a new position in PBF Energy during the 3rd quarter worth approximately $1,918,000. Finally, Point72 Hong Kong Ltd boosted its stake in PBF Energy by 520.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 16,700 shares of the oil and gas company’s stock worth $517,000 after acquiring an additional 14,009 shares during the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.