Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases $2,368,500.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 75,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $31.58 per share, for a total transaction of $2,368,500.00. Following the purchase, the insider now directly owns 25,026,498 shares of the company’s stock, valued at $790,336,806.84. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The shares were purchased 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 shares were purchased 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 purchased 55,000 shares of PBF Energy stock. The shares were bought 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 purchased 40,000 shares of PBF Energy stock. The shares were bought 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 purchased 265,000 shares of PBF Energy stock. The shares were bought at an average price of $31.87 per share, for a total transaction of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock. The shares were bought at an average price of $31.78 per share, for a total transaction of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital purchased 805,300 shares of PBF Energy stock. The shares were bought at an average price of $32.62 per share, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The stock was acquired at an average price of $33.18 per share, for a total transaction of $16,921,800.00.

PBF Energy Stock Down 1.6 %

Shares of PBF stock opened at $28.07 on Friday. PBF Energy Inc. has a 1 year low of $27.94 and a 1 year high of $62.88. The stock has a market cap of $3.29 billion, a PE ratio of 4.67 and a beta of 1.55. The business’s fifty day moving average is $32.15 and its 200-day moving average is $40.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.10). The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business’s revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.61 earnings per share. Equities analysts expect that PBF Energy Inc. will post -2.27 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 13th. PBF Energy’s payout ratio is presently 16.64%.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in shares of PBF Energy by 763.4% in the 1st quarter. Van ECK Associates Corp now owns 208,586 shares of the oil and gas company’s stock worth $12,008,000 after acquiring an additional 184,426 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of PBF Energy by 4.8% during the first quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company’s stock valued at $60,689,000 after buying an additional 48,525 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of PBF Energy during the first quarter valued at $1,394,000. Inspire Investing LLC purchased a new position in shares of PBF Energy during the first quarter valued at $905,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of PBF Energy by 720.8% during the first quarter. Public Employees Retirement System of Ohio now owns 43,074 shares of the oil and gas company’s stock valued at $2,480,000 after buying an additional 37,826 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on PBF shares. TD Cowen lowered their target price on PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Bank of America started coverage on PBF Energy in a research report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock. BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $42.00 to $35.00 in a research report on Friday, October 4th. Wells Fargo & Company lowered their target price on PBF Energy from $51.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Finally, UBS Group lowered their target price on PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.45.

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.