Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases 805,300 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 805,300 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $32.62 per share, with a total value of $26,268,886.00. Following the transaction, the insider now directly owns 20,634,898 shares in the company, valued at $673,110,372.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The stock was bought at an average cost of $33.18 per share, with a total value of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital bought 50,000 shares of PBF Energy stock. The shares were purchased at an average cost of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The shares were purchased at an average cost of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital acquired 140,000 shares of PBF Energy stock. The stock was purchased at an average cost of $45.73 per share, for a total transaction of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital acquired 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 shares were purchased 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 acquired 365,200 shares of PBF Energy stock. The shares were acquired at an average price of $43.84 per share, with a total value of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital bought 38,000 shares of PBF Energy stock. The shares were acquired at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital purchased 600,000 shares of PBF Energy stock. The stock was bought 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 acquired 403,400 shares of PBF Energy stock. The shares were bought at an average cost of $44.36 per share, with a total value of $17,894,824.00.

PBF Energy Stock Down 1.1 %

PBF stock opened at $31.97 on Tuesday. The company has a 50 day moving average of $37.58 and a two-hundred day moving average of $46.51. The company has a quick ratio of 0.75, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. PBF Energy Inc. has a 12-month low of $31.78 and a 12-month high of $62.88. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 2.21 and a beta of 1.57.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share 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 analysts’ expectations of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share. On average, equities analysts anticipate that PBF Energy Inc. will post 1.61 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Institutional Trading of PBF Energy

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in PBF Energy by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 11,700,449 shares of the oil and gas company’s stock worth $514,352,000 after purchasing an additional 69,422 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PBF Energy by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,381,349 shares of the oil and gas company’s stock valued at $324,487,000 after acquiring an additional 120,414 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock worth $64,489,000 after purchasing an additional 347,268 shares during the last quarter. LSV Asset Management boosted its position 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 worth $59,409,000 after purchasing an additional 34,470 shares during the period. Finally, Norges Bank acquired a new position in PBF Energy during the fourth quarter valued at approximately $54,832,000. 96.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PBF has been the topic of a number of recent analyst reports. Mizuho cut their target price on PBF Energy from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Scotiabank cut their price objective on PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Wolfe Research began coverage on shares of PBF Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their price target on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, UBS Group decreased their price objective on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.30.

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.