Control Empresarial De Capital Acquires 365,200 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 365,200 shares of PBF Energy stock in a transaction on Thursday, June 20th. The shares were purchased at an average cost of $43.84 per share, with a total value of $16,010,368.00. Following the completion of the acquisition, the insider now owns 16,607,598 shares of the company’s stock, valued at approximately $728,077,096.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 24th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The shares were acquired at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The shares were acquired at an average cost of $44.13 per share, with a total value of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital acquired 403,400 shares of PBF Energy stock. The shares were acquired at an average cost of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock. The shares were acquired at an average cost of $45.65 per share, with a total value of $342,375.00.
• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The shares were acquired at an average cost of $46.19 per share, with a total value of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital acquired 200,000 shares of PBF Energy stock. The shares were acquired at an average cost of $45.37 per share, with a total value of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital purchased 84,000 shares of PBF Energy stock. The shares were purchased at an average price of $44.96 per share, for a total transaction of $3,776,640.00.

PBF Energy Stock Up 0.7 %

NYSE PBF opened at $44.71 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.78. The stock has a market capitalization of $5.30 billion, a PE ratio of 3.09 and a beta of 1.63. PBF Energy Inc. has a 1 year low of $39.08 and a 1 year high of $62.88. The business’s 50-day moving average is $49.29 and its 200 day moving average is $49.45.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.24. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. Sell-side analysts forecast that PBF Energy Inc. will post 6.06 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.24%. PBF Energy’s payout ratio is 6.92%.

Institutional Trading of PBF Energy

Several large investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise boosted its position in PBF Energy by 10.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 172 shares in the last quarter. Fifth Third Bancorp boosted its position in PBF Energy by 30.4% during the 1st quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 222 shares in the last quarter. GAMMA Investing LLC boosted its position in PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. Center For Asset Management LLC boosted its position in PBF Energy by 3.9% during the 1st quarter. Center For Asset Management LLC now owns 6,127 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 228 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of PBF Energy by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,598 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 295 shares in the last quarter. 96.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PBF has been the topic of a number of research reports. TD Cowen lowered their price target on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised their price target on PBF Energy from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Mizuho lowered their price target on PBF Energy from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, Scotiabank boosted their target price on PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.82.

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.