PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 40,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $27.47 per share, for a total transaction of $1,098,800.00. Following the transaction, the insider now directly owns 29,355,998 shares of the company’s stock, valued at approximately $806,409,265.06. This represents a 0.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The stock was purchased 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 purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was purchased 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 bought 70,000 shares of PBF Energy stock. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were acquired 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 acquired 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were acquired 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 purchased 409,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The shares were bought at an average cost of $31.70 per share, with a total value of $1,806,900.00.

PBF Energy Stock Down 2.3 %

NYSE PBF opened at $29.67 on Thursday. The business has a 50 day moving average price of $28.84 and a 200 day moving average price of $31.73. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PBF. Fortitude Family Office LLC grew its stake in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,056 shares during the last quarter. Quarry LP purchased a new stake in shares of PBF Energy in the third quarter valued at about $48,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $59,000. Blue Trust Inc. increased 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 purchasing an additional 2,027 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of PBF Energy during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PBF shares. Mizuho cut PBF Energy from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. Bank of America started coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price objective for the company. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and lowered their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price target 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. Finally, Wells Fargo & Company downgraded shares of PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $34.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus 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.