Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases 100,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 100,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $29.60 per share, for a total transaction of $2,960,000.00. Following the completion of the purchase, the insider now directly owns 29,084,998 shares in the company, valued at approximately $860,915,940.80. This represents a 0.35 % increase in their ownership of the stock. The acquisition 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 Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The stock was bought at an average price 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 shares were bought 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 shares were 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 stock was purchased 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 shares were purchased 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 stock was acquired at an average price 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 acquired 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 acquired at an average cost of $28.66 per share, with a total value of $4,299,000.00.

PBF Energy Stock Down 1.8 %

PBF stock opened at $29.90 on Monday. The company’s 50 day moving average price is $29.13 and its 200 day moving average price is $32.29. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -11.55 and a beta of 1.61. PBF Energy Inc. has a fifty-two week low of $24.21 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.61 earnings per share. On average, equities research analysts anticipate that PBF Energy Inc. will post -3.5 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.68%. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. PBF Energy’s payout ratio is -42.47%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC lifted its stake in PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares during the last quarter. Quarry LP acquired a new stake in PBF Energy during the third quarter worth approximately $48,000. Harbor Capital Advisors Inc. acquired a new position in shares of PBF Energy in the 3rd quarter valued at $59,000. Blue Trust Inc. boosted its holdings in shares of PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,027 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of PBF Energy in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PBF shares. Bank of America initiated coverage on shares of PBF Energy in a research note on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price for the company. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $34.00 in a report on Monday, December 9th. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and decreased their price target for the stock from $27.00 to $20.00 in a research note on Friday, December 20th. Scotiabank dropped their price objective on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, StockNews.com downgraded PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Hold” and an average target price of $32.00.

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.