Control Empresarial De Capital Purchases 195,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 195,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of $31.12 per share, with a total value of $6,068,400.00. Following the completion of the purchase, the insider now owns 27,563,498 shares in the company, valued at $857,776,057.76. This represents a 0.71 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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, with a total value 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 price of $31.70 per share, for a total transaction 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 purchased at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
• On Friday, November 1st, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.58 per share, with a total value of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The shares were acquired at an average price of $31.91 per share, with a total value of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital purchased 1,000,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock. The shares were acquired at an average price of $30.85 per share, with a total value of $1,696,750.00.

PBF Energy Stock Down 2.5 %

PBF Energy stock opened at $31.88 on Wednesday. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The stock has a market cap of $3.67 billion, a P/E ratio of -12.31 and a beta of 1.57. The company’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $36.87. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the business posted $6.61 earnings per share. The business’s revenue for the quarter was down 21.9% on a year-over-year basis. As a group, analysts expect that PBF Energy Inc. will post -2.86 EPS for the current year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.45%. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler lowered PBF Energy from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $47.00 to $25.00 in a report on Friday, September 20th. The Goldman Sachs Group cut 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, October 4th. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a report on Monday, September 9th. StockNews.com cut shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, Bank of America initiated coverage on shares of PBF Energy in a research report on Thursday, October 17th. They issued an “underperform” rating and a $25.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.18.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of PBF Energy during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in PBF Energy during the third quarter worth approximately $48,000. CWM LLC increased its stake in PBF Energy by 108.6% during the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 569 shares during the period. Harbor Capital Advisors Inc. acquired a new position in PBF Energy in the 3rd quarter valued at $59,000. Finally, Blue Trust Inc. lifted its position 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 valued at $68,000 after acquiring an additional 2,027 shares during the period. Institutional investors and hedge funds 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.