PBF Energy Inc. (NYSE:PBF) Insider Acquires $381,800.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 20,000 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was purchased at an average cost of $19.09 per share, for a total transaction of $381,800.00. Following the transaction, the insider now owns 30,534,998 shares of the company’s stock, valued at approximately $582,913,111.82. This trade represents a 0.07 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 3rd, Control Empresarial De Capital bought 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 stock was 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 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 bought 46,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital purchased 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 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 bought 100,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00.

PBF Energy Trading Up 1.5 %

Shares of PBF Energy stock opened at $19.54 on Thursday. The stock has a market capitalization of $2.25 billion, a P/E ratio of -4.15 and a beta of 1.62. PBF Energy Inc. has a 12-month low of $18.20 and a 12-month high of $62.88. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $23.61 and a 200 day simple moving average of $27.95.

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 analysts’ consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. Research analysts expect that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio is currently -23.35%.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its position in PBF Energy by 150.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company’s stock worth $56,191,000 after buying an additional 1,272,254 shares in the last quarter. American Century Companies Inc. lifted its position in shares of PBF Energy by 11.2% during the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company’s stock worth $49,532,000 after purchasing an additional 187,351 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of PBF Energy by 12.6% during the fourth quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company’s stock worth $43,690,000 after purchasing an additional 184,194 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company’s stock valued at $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PBF Energy by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company’s stock valued at $39,628,000 after purchasing an additional 562,287 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PBF. The Goldman Sachs Group dropped their price objective 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. Mizuho cut their price target on PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday. TD Cowen decreased their price objective on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company cut their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, UBS Group decreased 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 note on Wednesday, February 19th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.55.

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.