PBF Energy Inc. (NYSE:PBF) Insider Purchases $1,366,200.00 in Stock

Posted by Trent Williams on Feb 4th, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital acquired 46,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $29.70 per share, with a total value of $1,366,200.00. Following the transaction, the insider now directly owns 29,190,998 shares of the company’s stock, valued at approximately $866,972,640.60. This represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

On Tuesday, January 28th, Control Empresarial De Capital acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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.
On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were 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, with a total value of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.70 per share, with a total value of $1,806,900.00.
On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.28 per share, with a total value of $3,128,000.00.

PBF Energy Trading Down 5.3 %

PBF Energy stock opened at $27.72 on Tuesday. The firm’s 50-day moving average is $28.94 and its 200-day moving average is $31.87. 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 Inc. has a 1 year low of $24.21 and a 1 year high of $62.88. The company has a market cap of $3.19 billion, a P/E ratio of -10.70 and a beta of 1.60.

Wall Street Analysts Forecast Growth

PBF has been the subject of a number of recent analyst reports. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $33.00 to $31.00 in a report on Monday, December 16th. Wells Fargo & Company lowered shares of PBF Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $34.00 in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, PBF Energy currently has a consensus rating of “Hold” and an average target price of $32.00.

Get Our Latest Analysis on PBF

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its position in shares of PBF Energy by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 78,239 shares of the oil and gas company’s stock worth $2,077,000 after buying an additional 3,000 shares during the last quarter. Hara Capital LLC lifted its position in shares of PBF Energy by 8.5% in the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock worth $14,586,000 after buying an additional 43,073 shares during the last quarter. Bfsg LLC lifted its position in shares of PBF Energy by 14.1% in the 4th quarter. Bfsg LLC now owns 8,125 shares of the oil and gas company’s stock worth $216,000 after buying an additional 1,005 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in PBF Energy by 12.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 66,534 shares of the oil and gas company’s stock valued at $1,766,000 after purchasing an additional 7,110 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in PBF Energy by 2,119.6% in the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after purchasing an additional 392,776 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

About PBF Energy

(Get Free Report)

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.