Control Empresarial De Capital Acquires 84,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital purchased 84,000 shares of PBF Energy stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of $44.96 per share, for a total transaction of $3,776,640.00. Following the completion of the purchase, the insider now directly owns 14,429,198 shares in the company, valued at approximately $648,736,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, June 5th, Control Empresarial De Capital bought 200,000 shares of PBF Energy stock. The stock was bought at an average price of $45.37 per share, with a total value of $9,074,000.00.

PBF Energy Price Performance

Shares of PBF opened at $46.24 on Friday. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 3.20 and a beta of 1.63. The firm’s fifty day simple moving average is $52.98 and its 200-day simple moving average is $49.33. PBF Energy Inc. has a twelve month low of $38.63 and a twelve month high of $62.88. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBFGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. Equities analysts forecast that PBF Energy Inc. will post 7.19 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, May 15th. PBF Energy’s payout ratio is 6.92%.

Analyst Ratings Changes

Several research analysts have recently commented on PBF shares. Bank of America upgraded PBF Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $52.00 to $74.00 in a research report on Friday, March 15th. Piper Sandler lowered their target price on PBF Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, May 14th. TD Cowen cut their price target on shares of PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Mizuho lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Finally, Scotiabank upped their target price on shares of PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and an average target price of $56.82.

View Our Latest Research Report on PBF

Hedge Funds Weigh In On PBF Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBF. Jump Financial LLC grew its position in shares of PBF Energy by 199.3% in the 3rd quarter. Jump Financial LLC now owns 16,281 shares of the oil and gas company’s stock valued at $872,000 after buying an additional 10,842 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of PBF Energy by 29.2% during the third quarter. First Eagle Investment Management LLC now owns 118,529 shares of the oil and gas company’s stock worth $6,345,000 after purchasing an additional 26,782 shares during the last quarter. Journey Strategic Wealth LLC acquired a new stake in shares of PBF Energy during the third quarter worth about $243,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of PBF Energy by 26.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,401,093 shares of the oil and gas company’s stock valued at $75,001,000 after purchasing an additional 291,284 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of PBF Energy by 2.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock valued at $986,000 after purchasing an additional 514 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

PBF Energy Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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