PBF Energy Inc. (NYSE:PBF) Insider Buys $2,862,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 100,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were acquired at an average price of $28.62 per share, with a total value of $2,862,000.00. Following the completion of the transaction, the insider now owns 28,984,998 shares of the company’s stock, valued at approximately $829,550,642.76. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The shares were acquired 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 bought 341,500 shares of PBF Energy stock. The shares were purchased at an average price 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 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 purchased at an average price of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 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 bought 57,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average price 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, 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 stock was bought at an average cost of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was bought at an average cost of $29.01 per share, with a total value of $8,703,000.00.

PBF Energy Trading Up 1.8 %

NYSE:PBF opened at $31.03 on Friday. The company’s 50 day moving average price is $29.16 and its 200-day moving average price is $32.76. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -11.98 and a beta of 1.61.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company earned $6.61 EPS. The company’s quarterly revenue was down 21.9% compared to the same quarter last year. On average, equities research analysts forecast that PBF Energy Inc. will post -2.95 earnings per share for the current fiscal 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 issued a $0.275 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.54%. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Analyst Ratings Changes

PBF has been the subject of a number of research reports. StockNews.com downgraded shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. Mizuho downgraded shares of PBF Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $31.00 in a research note on Monday, December 16th. Finally, Scotiabank decreased their target price on shares of 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. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBF. Fortitude Family Office LLC boosted its holdings in PBF Energy by 968.8% in 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 purchased a new position in shares of PBF Energy during the 3rd quarter worth $48,000. Harbor Capital Advisors Inc. purchased a new position in shares of PBF Energy during the 3rd quarter worth $59,000. Blue Trust Inc. boosted its stake in shares of PBF Energy by 1,291.1% during the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of PBF Energy during the 4th quarter worth $68,000. 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.