Control Empresarial De Capital Acquires 155,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the purchase, the insider now owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The stock was acquired at an average cost of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The shares were bought at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The stock was bought at an average cost of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were bought 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 purchased 100,000 shares of PBF Energy stock. The stock was bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were purchased at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The stock was purchased at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were purchased at an average cost of $30.82 per share, with a total value of $9,246,000.00.

PBF Energy Stock Performance

Shares of PBF stock opened at $20.14 on Thursday. The company’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $29.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The firm has a market capitalization of $2.32 billion, a P/E ratio of -4.27 and a beta of 1.60. PBF Energy Inc. has a 12 month low of $18.97 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. On average, research analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, February 27th. PBF Energy’s payout ratio is currently -23.35%.

Wall Street Analyst Weigh In

PBF has been the topic of several research analyst reports. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $33.00 to $31.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their price target on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. UBS Group decreased their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, TD Cowen lowered shares of PBF Energy from a “hold” rating to a “sell” rating and reduced their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Hold” and an average target price of $29.55.

Institutional Trading of PBF Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new position in PBF Energy during the 4th quarter valued at $254,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PBF Energy in the fourth quarter worth about $3,132,000. GF Fund Management CO. LTD. bought a new stake in PBF Energy in the fourth quarter valued at about $803,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in PBF Energy by 7.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 249,415 shares of the oil and gas company’s stock valued at $6,622,000 after buying an additional 17,404 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in PBF Energy during the 4th quarter worth approximately $508,000. 96.29% of the stock is owned by institutional investors and hedge funds.

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.