Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires $16,010,368.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 365,200 shares of the stock in a transaction on Thursday, June 20th. The stock was acquired at an average cost of $43.84 per share, for a total transaction of $16,010,368.00. Following the completion of the acquisition, the insider now owns 16,607,598 shares of the company’s stock, valued at approximately $728,077,096.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 24th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Monday, June 17th, Control Empresarial De Capital purchased 38,000 shares of PBF Energy stock. The shares were bought 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 acquired 600,000 shares of PBF Energy stock. The stock was bought at an average price 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 purchased at an average price of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock. The stock was purchased at an average cost of $45.65 per share, with a total value of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital bought 51,000 shares of PBF Energy stock. The shares were purchased at an average cost of $46.19 per share, for a total transaction of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock. The stock was acquired at an average cost of $45.37 per share, with a total value of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital acquired 84,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.96 per share, for a total transaction of $3,776,640.00.

PBF Energy Stock Up 1.3 %

NYSE PBF opened at $45.27 on Thursday. The business’s fifty day simple moving average is $49.29 and its 200-day simple moving average is $49.45. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.37 billion, a PE ratio of 3.13 and a beta of 1.63. PBF Energy Inc. has a 52 week low of $39.18 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.24. The company had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.29 billion. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. As a group, equities analysts anticipate that PBF Energy Inc. will post 6.08 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.21%. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen decreased their target price 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. Scotiabank boosted their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company decreased their price target on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $74.00 in a research note on Friday, March 15th. Finally, Piper Sandler decreased their target price on PBF Energy from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.82.

Hedge Funds Weigh In On PBF Energy

Several large investors have recently modified their holdings of PBF. EverSource Wealth Advisors LLC raised its holdings in PBF Energy by 152.9% in 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 buying an additional 1,252 shares during the period. Boston Partners purchased a new stake in shares of PBF Energy in the 1st quarter valued at approximately $1,393,000. Invst LLC acquired a new position in shares of PBF Energy in the 1st quarter worth approximately $913,000. EMC Capital Management purchased a new position in shares of PBF Energy during the 1st quarter worth approximately $652,000. Finally, Comerica Bank increased its holdings in PBF Energy by 13.9% in the 1st quarter. Comerica Bank now owns 50,951 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 6,219 shares during the last quarter. Institutional investors and hedge funds 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.