PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 85,000 Shares

Posted by Jim Brewer on Nov 8th, 2024

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital bought 85,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $28.37 per share, with a total value of $2,411,450.00. Following the completion of the acquisition, the insider now owns 26,197,498 shares of the company’s stock, valued at $743,223,018.26. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.66 per share, with a total value of $4,299,000.00.
On Wednesday, October 30th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.01 per share, with a total value of $8,703,000.00.
On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.58 per share, with a total value of $2,368,500.00.
On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The shares were bought at an average cost of $31.91 per share, for a total transaction of $9,161,361.00.
On Tuesday, October 15th, Control Empresarial De Capital purchased 1,000,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
On Monday, September 30th, Control Empresarial De Capital purchased 55,000 shares of PBF Energy stock. The shares were acquired at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
On Wednesday, September 25th, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.93 per share, for a total transaction of $1,237,200.00.
On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The shares were bought at an average price of $31.87 per share, for a total transaction of $8,445,550.00.
On Friday, September 20th, Control Empresarial De Capital acquired 250,000 shares of PBF Energy stock. The shares were bought at an average price of $31.78 per share, for a total transaction of $7,945,000.00.
On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The shares were bought at an average price of $31.29 per share, for a total transaction of $20,964,300.00.

PBF Energy Trading Down 0.8 %

Shares of PBF stock opened at $30.58 on Friday. The business has a 50-day moving average of $31.89 and a 200 day moving average of $39.73. The stock has a market capitalization of $3.58 billion, a PE ratio of -11.81 and a beta of 1.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $6.61 EPS. As a group, sell-side analysts anticipate that PBF Energy Inc. will post -2.42 earnings per share for the current year.

PBF Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.275 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. This is a positive change from PBF Energy’s previous quarterly dividend of $0.25. PBF Energy’s dividend payout ratio is currently -38.61%.

Analyst Ratings Changes

A number of research firms recently issued reports on PBF. Tudor Pickering upgraded PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Mizuho reduced their target price on PBF Energy from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America started coverage on PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price for the company. Finally, Wolfe Research started coverage on PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus price target of $34.18.

View Our Latest Stock Report on PBF Energy

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of PBF Energy in the 2nd quarter worth approximately $26,000. CWM LLC grew its stake in shares of PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company’s stock worth $50,000 after buying an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of PBF Energy in the 3rd quarter worth approximately $59,000. Blue Trust Inc. grew its stake in shares of PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company’s stock worth $68,000 after buying an additional 2,027 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of PBF Energy by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after buying an additional 573 shares during the last quarter. Institutional investors own 96.29% of the company’s stock.

About PBF Energy

(Get Free Report)

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.