PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 57,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 57,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $31.70 per share, with a total value of $1,806,900.00. Following the purchase, the insider now directly owns 26,739,498 shares of the company’s stock, valued at $847,642,086.60. This trade represents a 0.21 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average price 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 shares were purchased at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The stock was bought at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was bought at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital purchased 287,100 shares of PBF Energy stock. The shares were acquired at an average price of $31.91 per share, for a total transaction of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital acquired 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 stock was acquired 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 stock was acquired at an average price of $31.87 per share, for a total transaction of $8,445,550.00.

PBF Energy Price Performance

NYSE:PBF traded down $0.18 during mid-day trading on Wednesday, hitting $31.39. 1,762,858 shares of the company traded hands, compared to its average volume of 2,167,100. The stock’s fifty day moving average price is $31.53 and its 200-day moving average price is $37.48. PBF Energy Inc. has a one year low of $27.94 and a one year high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business’s revenue was down 21.9% on a year-over-year basis. During the same period last year, the company earned $6.61 EPS. Analysts predict that PBF Energy Inc. will post -2.86 earnings per share for the current year.

PBF Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.50%. PBF Energy’s dividend payout ratio is -42.47%.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new position in PBF Energy during the second quarter valued at approximately $26,000. Quarry LP bought a new position in PBF Energy during the third quarter valued at approximately $48,000. CWM LLC boosted its stake in PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in PBF Energy during the third quarter valued at approximately $59,000. Finally, Blue Trust Inc. boosted its stake in PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

Wall Street Analyst Weigh In

PBF has been the topic of several research reports. 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. Mizuho dropped their target price on PBF Energy from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Scotiabank dropped their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. 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. Finally, StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.18.

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.