Control Empresarial De Capital Buys 57,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 57,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $31.70 per share, with a total value of $1,806,900.00. Following the acquisition, the insider now owns 26,739,498 shares in the company, valued at approximately $847,642,086.60. This trade represents a 0.21 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.37 per share, with a total value of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.01 per share, with a total value of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The shares were bought at an average price of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.75 per share, with a total value of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital bought 55,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.85 per share, with a total value of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The stock was acquired at an average cost of $30.93 per share, with a total value of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The shares were bought at an average price of $31.87 per share, for a total transaction of $8,445,550.00.

PBF Energy Stock Down 0.6 %

PBF opened at $31.39 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The company has a market cap of $3.61 billion, a PE ratio of -12.12 and a beta of 1.56. The company has a 50-day moving average price of $31.44 and a 200 day moving average price of $37.39.

PBF Energy (NYSE:PBF) last released its 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 net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the business earned $6.61 EPS. The business’s revenue was down 21.9% compared to the same quarter last year. Sell-side analysts expect that PBF Energy Inc. will post -2.86 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.275 per share. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.50%. PBF Energy’s dividend payout ratio is presently -42.47%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. downgraded PBF Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $53.00 to $40.00 in a research note on Wednesday, October 2nd. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. BMO Capital Markets downgraded PBF Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $42.00 to $35.00 in a report on Friday, October 4th. Piper Sandler cut shares of PBF Energy from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Finally, Wells Fargo & Company decreased their target price on shares of PBF Energy from $51.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, PBF Energy has an average rating of “Hold” and a consensus target price of $34.18.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds have recently modified their holdings of PBF. National Bank of Canada FI acquired a new stake in PBF Energy in the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in shares of PBF Energy in the third quarter valued at approximately $48,000. CWM LLC lifted its position in PBF Energy by 108.6% during the second quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after buying an additional 569 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in PBF Energy during the third quarter worth approximately $59,000. Finally, Blue Trust Inc. boosted its stake 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 worth $68,000 after buying an additional 2,027 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.