PBF Energy Inc. (NYSE:PBF) Insider Purchases $3,131,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 155,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $20.20 per share, with a total value of $3,131,000.00. Following the completion of the purchase, the insider now owns 30,249,998 shares in the company, valued at $611,049,959.60. The trade was a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were bought at an average price of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The stock was acquired at an average cost of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital purchased 60,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The stock was acquired at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The stock was acquired at an average cost of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was acquired at an average cost of $30.82 per share, with a total value of $9,246,000.00.

PBF Energy Trading Up 2.1 %

Shares of NYSE PBF opened at $20.59 on Wednesday. PBF Energy Inc. has a 12 month low of $19.51 and a 12 month high of $62.88. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -4.37 and a beta of 1.60. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $26.84 and a 200-day simple moving average of $29.81.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. Sell-side analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.34%. The ex-dividend date is Thursday, February 27th. PBF Energy’s dividend payout ratio is currently -23.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $33.00 to $31.00 in a report on Monday, December 16th. TD Cowen lowered PBF Energy from a “hold” rating to a “sell” rating and cut their price objective for the company from $27.00 to $20.00 in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group cut their price objective on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.55.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC lifted its stake in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 1,056 shares in the last quarter. Quarry LP purchased a new stake in PBF Energy in the 3rd quarter worth about $48,000. Harbor Capital Advisors Inc. purchased a new stake in PBF Energy in the 3rd quarter worth about $59,000. Golden State Wealth Management LLC purchased a new stake in PBF Energy in the 4th quarter worth about $61,000. Finally, EverSource Wealth Advisors LLC lifted its stake in PBF Energy by 33.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 614 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

About PBF Energy

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.