PBF Energy Inc. (NYSE:PBF) Insider Purchases $216,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $14.44 per share, with a total value of $216,600.00. Following the completion of the acquisition, the insider now owns 30,774,998 shares in the company, valued at approximately $444,390,971.12. This trade represents a 0.05 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, April 9th, Control Empresarial De Capital bought 15,000 shares of PBF Energy stock. The shares were acquired at an average price of $13.98 per share, for a total transaction of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The stock was acquired 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 acquired 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.
• On Monday, March 3rd, Control Empresarial De Capital bought 155,000 shares of PBF Energy stock. The shares were bought at an average cost of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was bought 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 acquired 40,000 shares of PBF Energy stock. The shares were bought 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 purchased 46,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 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.

PBF Energy Stock Up 2.0 %

PBF Energy stock opened at $15.18 on Friday. 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 market capitalization of $1.75 billion, a P/E ratio of -3.22 and a beta of 1.15. The firm has a 50 day moving average price of $19.65 and a 200-day moving average price of $26.39. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $58.17.

PBF Energy (NYSE:PBF) last released 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 analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. As a group, equities analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 7.25%. The ex-dividend date was Thursday, February 27th. PBF Energy’s dividend payout ratio is currently -23.35%.

Analysts Set New Price Targets

PBF has been the subject of several recent research reports. TD Cowen decreased their target price on shares of PBF Energy from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, March 11th. Piper Sandler dropped their target price on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group decreased their price target on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Morgan Stanley reduced their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Finally, Scotiabank dropped their price target on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, PBF Energy currently has an average rating of “Hold” and a consensus target price of $24.18.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its stake in shares of PBF Energy by 968.8% in the fourth 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. Fifth Third Bancorp boosted its holdings in PBF Energy by 125.7% in the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock worth $28,000 after buying an additional 803 shares during the period. Golden State Wealth Management LLC bought a new position in PBF Energy in the 4th quarter worth approximately $61,000. Parallel Advisors LLC grew its stake in PBF Energy by 80.4% in the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 1,085 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 period. 96.29% of the stock is owned by hedge funds and other 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.