Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases 70,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 70,000 shares of PBF Energy stock in a transaction on Thursday, December 26th. The shares were purchased at an average price of $25.56 per share, for a total transaction 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. This trade represents a 0.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

PBF Energy Stock Performance

Shares of NYSE:PBF traded up $0.17 during trading on Monday, hitting $25.57. The company’s stock had a trading volume of 2,421,622 shares, compared to its average volume of 2,167,602. 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 cap of $2.94 billion, a price-to-earnings ratio of -9.87 and a beta of 1.57. The company has a 50-day moving average of $29.77 and a 200-day moving average of $34.30. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the business posted $6.61 earnings per share. The firm’s revenue was down 21.9% on a year-over-year basis. On average, sell-side analysts expect that PBF Energy Inc. will post -2.87 earnings per share for the current year.

PBF Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 4.30%. PBF Energy’s payout ratio is -42.47%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. Bank of America began coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target for the company. JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and cut their target price for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. Morgan Stanley decreased their price target on PBF Energy from $48.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, BMO Capital Markets cut PBF Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $42.00 to $35.00 in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.45.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in shares of PBF Energy in the second quarter worth $26,000. Quarry LP purchased a new stake in PBF Energy in the 3rd quarter worth $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy in the 3rd quarter worth $59,000. Blue Trust Inc. raised its holdings in PBF Energy by 1,291.1% during the third quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,027 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of PBF Energy by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other 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.