PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 140,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 140,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $45.73 per share, for a total transaction of $6,402,200.00. Following the purchase, the insider now directly owns 17,772,598 shares in the company, valued at $812,740,906.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, June 26th, Control Empresarial De Capital bought 102,000 shares of PBF Energy stock. The shares were acquired 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 purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.31 per share, with a total value 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, for a total transaction 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 price 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 bought 403,400 shares of PBF Energy stock. The stock was bought at an average cost of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital purchased 7,500 shares of PBF Energy stock. The shares were bought at an average cost of $45.65 per share, for a total transaction of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The stock was purchased at an average cost of $46.19 per share, with a total value of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital bought 200,000 shares of PBF Energy stock. The shares were purchased at an average cost of $45.37 per share, for a total transaction of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital purchased 84,000 shares of PBF Energy stock. The stock was purchased at an average price of $44.96 per share, with a total value of $3,776,640.00.

PBF Energy Stock Up 1.0 %

Shares of PBF Energy stock opened at $46.50 on Tuesday. PBF Energy Inc. has a 1-year low of $39.18 and a 1-year high of $62.88. The company has a market capitalization of $5.51 billion, a P/E ratio of 3.22 and a beta of 1.60. The business’s fifty day moving average price is $48.65 and its two-hundred day moving average price is $49.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. The business had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. As a group, research analysts forecast that PBF Energy Inc. will post 5.26 EPS for the current year.

PBF Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is presently 6.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in PBF Energy by 152.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,071 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 1,252 shares in the last quarter. Boston Partners bought a new position in PBF Energy during the first quarter valued at about $1,393,000. Invst LLC bought a new position in PBF Energy during the first quarter valued at about $913,000. EMC Capital Management acquired a new position in PBF Energy during the first quarter worth about $652,000. Finally, Comerica Bank raised its position in PBF Energy by 13.9% in the first quarter. Comerica Bank now owns 50,951 shares of the oil and gas company’s stock worth $2,933,000 after acquiring an additional 6,219 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of research reports. Mizuho decreased their price objective on shares of PBF Energy from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Piper Sandler lowered their price objective on shares of PBF Energy from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Wells Fargo & Company cut their target price on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. upped their target price on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, TD Cowen dropped their price target on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.45.

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.