Control Empresarial De Capital Purchases 70,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

Posted by Logan Wallace on Jan 1st, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital purchased 70,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $25.56 per share, with a total value of $1,789,200.00. Following the acquisition, the insider now directly owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. The trade was a 0.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

On Wednesday, December 18th, Control Empresarial De Capital acquired 341,500 shares of PBF Energy stock. The stock was acquired at an average price of $26.86 per share, with a total value of $9,172,690.00.
On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.12 per share, with a total value of $6,068,400.00.
On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, with a total value of $1,806,900.00.
On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.28 per share, for a total transaction of $3,128,000.00.
On Tuesday, November 5th, Control Empresarial De Capital acquired 85,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.37 per share, with a total value of $2,411,450.00.
On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was purchased at an average cost of $28.66 per share, for a total transaction of $4,299,000.00.
On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.01 per share, with a total value of $8,703,000.00.
On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $2,368,500.00.

PBF Energy Stock Performance

NYSE:PBF opened at $26.55 on Wednesday. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The firm has a market capitalization of $3.06 billion, a PE ratio of -10.25 and a beta of 1.57. The business’s fifty day moving average price is $29.64 and its 200 day moving average price is $34.18.

PBF Energy (NYSE:PBF – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS 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 analysts’ expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.61 EPS. On average, sell-side analysts anticipate that PBF Energy Inc. will post -2.87 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s payout ratio is currently -42.47%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBF. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and dropped their target price for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Tudor, Pickering, Holt & Co. cut shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, Tudor Pickering raised PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Seven investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.45.

Check Out Our Latest Analysis on PBF Energy

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. lifted its position in PBF Energy by 35.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 57,289 shares of the oil and gas company’s stock valued at $1,801,000 after acquiring an additional 14,892 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of PBF Energy during the third quarter worth about $1,642,000. Neo Ivy Capital Management purchased a new stake in shares of PBF Energy in the 3rd quarter valued at about $2,404,000. Vestcor Inc boosted its position in shares of PBF Energy by 1,513.2% in the 3rd quarter. Vestcor Inc now owns 14,712 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 13,800 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in PBF Energy by 108.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 43,902 shares of the oil and gas company’s stock worth $1,359,000 after buying an additional 22,852 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Company Profile

(Get Free Report)

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.