PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 55,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 55,000 shares of the stock in a transaction on Monday, September 30th. The shares were bought at an average price of $30.85 per share, for a total transaction of $1,696,750.00. Following the acquisition, the insider now owns 23,462,398 shares of the company’s stock, valued at $723,814,978.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was purchased 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 stock was purchased at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital bought 670,000 shares of PBF Energy stock. The shares were acquired 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 stock was acquired at an average cost of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock. The shares were bought at an average cost of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital bought 50,000 shares of PBF Energy stock. The stock was bought at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 307,000 shares of PBF Energy stock. The shares were bought at an average price of $39.22 per share, with a total value of $12,040,540.00.

PBF Energy Trading Down 0.5 %

NYSE:PBF opened at $31.20 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The business’s 50-day simple moving average is $34.42 and its 200-day simple moving average is $44.41. PBF Energy Inc. has a fifty-two week low of $30.17 and a fifty-two week high of $62.88. The stock has a market capitalization of $3.66 billion, a PE ratio of 2.16 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the company earned $2.29 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that PBF Energy Inc. will post 0.35 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. PBF Energy’s dividend payout ratio is currently 6.92%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler cut PBF Energy from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Morgan Stanley reduced their price objective on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group dropped their price objective on PBF Energy from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Finally, Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, PBF Energy presently has a consensus rating of “Hold” and a consensus price target of $46.73.

Institutional Trading of PBF Energy

Institutional investors have recently made changes to their positions in the business. Orion Portfolio Solutions LLC raised its stake in shares of PBF Energy by 56.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 15,482 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 5,599 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of PBF Energy by 26.2% during the fourth quarter. Rafferty Asset Management LLC now owns 172,198 shares of the oil and gas company’s stock worth $7,570,000 after purchasing an additional 35,756 shares during the period. Privium Fund Management UK Ltd lifted its holdings in PBF Energy by 12.0% during the 4th quarter. Privium Fund Management UK Ltd now owns 6,825 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 731 shares during the last quarter. Seven Eight Capital LP boosted its stake in PBF Energy by 138.5% in the 4th quarter. Seven Eight Capital LP now owns 12,359 shares of the oil and gas company’s stock valued at $543,000 after purchasing an additional 7,177 shares during the period. Finally, Symmetry Investments LP grew its holdings in PBF Energy by 592.0% in the 4th quarter. Symmetry Investments LP now owns 77,500 shares of the oil and gas company’s stock valued at $3,407,000 after buying an additional 66,300 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

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.