Control Empresarial De Capital Acquires 300,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 300,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $29.01 per share, with a total value of $8,703,000.00. Following the transaction, the insider now owns 25,640,498 shares in the company, valued at approximately $743,830,846.98. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.58 per share, with a total value of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The stock was purchased at an average cost of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital bought 1,000,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The stock was 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 stock was 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 bought 265,000 shares of PBF Energy stock. The shares were acquired 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 purchased 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 bought 670,000 shares of PBF Energy stock. The stock was 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 bought 805,300 shares of PBF Energy stock. The stock was 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 bought at an average price of $33.18 per share, for a total transaction of $16,921,800.00.

PBF Energy Stock Down 1.5 %

PBF stock opened at $28.08 on Monday. The stock has a market capitalization of $3.29 billion, a P/E ratio of -10.84 and a beta of 1.56. The firm has a 50-day simple moving average of $32.15 and a 200-day simple moving average of $40.24. 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 52 week low of $27.94 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.40) by ($0.10). The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.78%. The firm’s revenue was down 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $6.61 EPS. Equities analysts forecast that PBF Energy Inc. will post -2.27 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.275 dividend. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, November 13th. PBF Energy’s dividend payout ratio is currently -38.61%.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently made changes to their positions in PBF. State of Michigan Retirement System increased its stake in PBF Energy by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 26,700 shares of the oil and gas company’s stock worth $1,537,000 after buying an additional 600 shares during the period. Norden Group LLC acquired a new stake in PBF Energy during the 1st quarter worth $212,000. Retirement Systems of Alabama boosted its stake in PBF Energy by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock worth $7,863,000 after purchasing an additional 359 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PBF Energy by 6.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,073 shares of the oil and gas company’s stock worth $3,171,000 after acquiring an additional 3,474 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of PBF Energy by 67.9% in the 1st quarter. BNP Paribas Financial Markets now owns 228,011 shares of the oil and gas company’s stock valued at $13,127,000 after buying an additional 92,176 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on PBF shares. Bank of America assumed coverage on shares of PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. Scotiabank dropped their price objective on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, Mizuho dropped their price objective on shares of PBF Energy from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.