Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Buys 16,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 16,000 shares of PBF Energy stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $13.88 per share, for a total transaction of $222,080.00. Following the completion of the transaction, the insider now owns 30,737,998 shares of the company’s stock, valued at approximately $426,643,412.24. This represents a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 3rd, Control Empresarial De Capital acquired 110,000 shares of PBF Energy stock. The stock was bought at an average cost 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 stock was acquired at an average price of $19.09 per share, for a total transaction of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The stock was acquired 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 acquired 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital bought 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 acquired 60,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired 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 shares were purchased at an average cost of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Price Performance

PBF stock opened at $16.44 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. PBF Energy Inc. has a one year low of $13.62 and a one year high of $60.98. The stock has a market cap of $1.90 billion, a PE ratio of -3.49 and a beta of 1.15. The firm has a 50 day simple moving average of $21.57 and a two-hundred day simple moving average of $27.14.

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

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.69%. PBF Energy’s dividend payout ratio is currently -23.35%.

Wall Street Analyst Weigh In

PBF has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Morgan Stanley decreased their price objective on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company decreased their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Piper Sandler cut their target price on shares of PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. Finally, Mizuho dropped their price objective on shares of PBF Energy from $28.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 1st. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, PBF Energy currently has a consensus rating of “Hold” and a consensus target price of $25.55.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in PBF Energy by 968.8% in the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 1,056 shares in the last quarter. Quarry LP bought a new position in shares of PBF Energy in the 3rd quarter worth about $48,000. Golden State Wealth Management LLC purchased a new stake in PBF Energy during the 4th quarter valued at about $61,000. Parallel Advisors LLC grew its position in PBF Energy by 80.4% during the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 1,085 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 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.