PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 48,500 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 48,500 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the purchase, the insider now directly owns 30,823,498 shares in the company, valued at $554,514,729.02. This represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, April 15th, Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock. The shares were acquired at an average cost of $14.44 per share, for a total transaction of $216,600.00.
• On Wednesday, April 9th, Control Empresarial De Capital acquired 15,000 shares of PBF Energy stock. The stock was bought at an average cost of $13.98 per share, with a total value of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The stock was bought 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 purchased 110,000 shares of PBF Energy stock. The shares were bought 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 acquired 20,000 shares of PBF Energy stock. The stock was bought at an average price of $19.09 per share, with a total value of $381,800.00.

PBF Energy Stock Up 3.6%

PBF stock opened at $19.02 on Tuesday. 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 $2.20 billion, a P/E ratio of -4.04 and a beta of 0.82. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $48.20. The company’s 50 day simple moving average is $17.95 and its 200-day simple moving average is $23.19.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share for the quarter, topping the consensus estimate of ($3.50) by $0.41. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.27 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities research analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.78%. PBF Energy’s dividend payout ratio is -12.09%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PBF. Fifth Third Bancorp boosted its position in PBF Energy by 125.7% during the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 803 shares during the period. Allworth Financial LP increased its holdings in shares of PBF Energy by 194.3% in the 1st quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of PBF Energy in the first quarter worth approximately $35,000. Neo Ivy Capital Management acquired a new stake in shares of PBF Energy during the first quarter worth approximately $37,000. Finally, Activest Wealth Management boosted its holdings in shares of PBF Energy by 199,900.0% during the first quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 1,999 shares during the period. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. UBS Group upgraded PBF Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $26.00 in a report on Tuesday, May 13th. Morgan Stanley decreased their target price on PBF Energy from $28.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. TD Cowen dropped their price target on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler cut their price target on shares of PBF Energy from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.91.

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.