Control Empresarial De Capital Acquires 55,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 55,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of $30.85 per share, for a total transaction of $1,696,750.00. Following the acquisition, the insider now directly owns 23,462,398 shares of the company’s stock, valued at $723,814,978.30. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were bought at an average cost of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.78 per share, for a total transaction of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.29 per share, for a total transaction of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The stock was purchased at an average price of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The shares were acquired at an average cost of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The stock was acquired at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The shares were acquired at an average price of $39.22 per share, with a total value of $12,040,540.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $32.99 on Friday. The business has a fifty day moving average price of $34.14 and a two-hundred day moving average price of $44.18. The stock has a market capitalization of $3.91 billion, a PE ratio of 2.28 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. PBF Energy Inc. has a fifty-two week low of $30.17 and a fifty-two week high of $62.88.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.39). The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS. As a group, equities analysts predict that PBF Energy Inc. will post 0.35 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.03%. PBF Energy’s dividend payout ratio is currently 6.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Tudor Pickering raised shares of PBF Energy to a “strong sell” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. downgraded shares of PBF Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $53.00 to $40.00 in a report on Wednesday. Mizuho lowered their price target on shares of PBF Energy from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group reduced their price objective on PBF Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday. Finally, Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.45.

Institutional Investors Weigh In On PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBF. GAMMA Investing LLC lifted its position in shares of PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after buying an additional 224 shares during the last quarter. Rise Advisors LLC acquired a new position in PBF Energy during the first quarter worth about $27,000. National Bank of Canada FI bought a new position in shares of PBF Energy in the second quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in shares of PBF Energy in the 4th quarter valued at approximately $29,000. Finally, CWM LLC grew its holdings in shares of PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 569 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

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.