Control Empresarial De Capital Purchases 15,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of $13.98 per share, with a total value of $209,700.00. Following the transaction, the insider now owns 30,757,998 shares in the company, valued at approximately $429,996,812.04. The trade was a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, April 7th, Control Empresarial De Capital acquired 16,000 shares of PBF Energy stock. The shares were purchased at an average price of $13.88 per share, with a total value of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital bought 110,000 shares of PBF Energy stock. The stock was purchased at an average price of $17.40 per share, for a total transaction of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital purchased 20,000 shares of PBF Energy stock. The shares were purchased at an average price of $19.09 per share, with a total value of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital acquired 155,000 shares of PBF Energy stock. The stock was purchased at an average price of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 acquired 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 acquired 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 stock was bought at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00.

PBF Energy Stock Up 3.3 %

NYSE:PBF opened at $15.44 on Friday. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $60.98. The stock’s fifty day moving average is $21.02 and its two-hundred day moving average is $26.92. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -3.28 and a beta of 1.15. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26.

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

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Thursday, February 27th. PBF Energy’s payout ratio is -23.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBF. JPMorgan Chase & Co. cut their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Scotiabank cut their price objective on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Piper Sandler dropped their price target on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Finally, UBS Group reduced their price target on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.18.

Institutional Investors Weigh In On PBF Energy

Several large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock valued at $56,191,000 after buying an additional 1,272,254 shares during the period. Norges Bank acquired a new stake in shares of PBF Energy in the fourth quarter valued at $20,896,000. Recurrent Investment Advisors LLC boosted its holdings in PBF Energy by 154.0% in the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock valued at $25,096,000 after purchasing an additional 573,161 shares during the period. JPMorgan Chase & Co. grew its stake in PBF Energy by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock worth $39,628,000 after purchasing an additional 562,287 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after purchasing an additional 392,776 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.

About PBF Energy

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.