PBF Energy Inc. (NYSE:PBF) Insider Acquires $4,305,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 150,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of $28.70 per share, with a total value of $4,305,000.00. Following the acquisition, the insider now directly owns 29,505,998 shares of the company’s stock, valued at approximately $846,822,142.60. This represents a 0.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The shares were bought at an average price of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was bought 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 bought 100,000 shares of PBF Energy stock. The stock was bought at an average price 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 shares were bought at an average price of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital acquired 341,500 shares of PBF Energy stock. The stock was purchased 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 bought 300,000 shares of PBF Energy stock. The shares were purchased at an average cost of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $27.82 on Monday. The firm has a 50 day moving average of $28.66 and a two-hundred day moving average of $31.57. The stock has a market capitalization of $3.20 billion, a PE ratio of -10.74 and a beta of 1.60. 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 52 week low of $24.21 and a 52 week high of $62.88.

Institutional Trading of PBF Energy

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in PBF Energy by 54.2% during the 4th quarter. HighTower Advisors LLC now owns 22,267 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 7,825 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of PBF Energy during the fourth quarter worth approximately $4,515,000. Callan Family Office LLC acquired a new stake in PBF Energy in the fourth quarter valued at approximately $219,000. Inceptionr LLC lifted its stake in PBF Energy by 27.7% in the fourth quarter. Inceptionr LLC now owns 11,200 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in PBF Energy during the 4th quarter worth approximately $1,654,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PBF shares. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. 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 research report on Friday, January 10th. StockNews.com cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $33.00 to $31.00 in a report on Monday, December 16th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, PBF Energy has an average rating of “Hold” and an average target price of $32.00.

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.