PBF Energy Inc. (NYSE:PBF) Insider Acquires $1,098,800.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 40,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the purchase, the insider now directly owns 29,355,998 shares in the company, valued at $806,409,265.06. This represents a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.70 per share, with a total value of $4,305,000.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were acquired 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 bought 341,500 shares of PBF Energy stock. The shares were acquired 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 purchased 300,000 shares of PBF Energy stock. The stock was bought at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital acquired 195,000 shares of PBF Energy stock. The shares were bought 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 bought 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.

PBF Energy Trading Down 1.0 %

NYSE PBF opened at $27.82 on Friday. 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 stock has a market capitalization of $3.20 billion, a P/E ratio of -10.74 and a beta of 1.60. PBF Energy Inc. has a 52-week low of $24.21 and a 52-week high of $62.88. The firm has a 50-day moving average price of $28.74 and a 200 day moving average price of $31.69.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of PBF Energy by 132.6% in the third quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock valued at $26,717,000 after purchasing an additional 492,053 shares during the period. Van ECK Associates Corp boosted its holdings in PBF Energy by 2,119.6% during the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after buying an additional 392,776 shares in the last quarter. Recurrent Investment Advisors LLC acquired a new position in PBF Energy during the third quarter worth about $11,516,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in PBF Energy in the third quarter valued at about $10,506,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Bank of America initiated coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price on the stock. Finally, Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $33.00 to $31.00 in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus price target 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.