PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Acquires 155,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 155,000 shares of PBF Energy stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $20.20 per share, with a total value of $3,131,000.00. Following the acquisition, the insider now directly owns 30,249,998 shares in the company, valued at approximately $611,049,959.60. This represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were 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 acquired at an average cost of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The shares were acquired at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were acquired at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were 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 acquired 100,000 shares of PBF Energy stock. The shares were acquired at an average cost of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were acquired at an average cost of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital acquired 341,500 shares of PBF Energy stock. The stock was acquired at an average price of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $30.82 per share, with a total value of $9,246,000.00.

PBF Energy Trading Up 2.1 %

NYSE PBF traded up $0.43 during trading on Tuesday, hitting $20.59. The company had a trading volume of 3,236,820 shares, compared to its average volume of 2,082,166. The company’s fifty day moving average is $26.84 and its 200-day moving average is $29.81. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -4.37 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a one year low of $19.62 and a one year high of $62.88.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The business 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%. On average, sell-side analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Thursday, February 27th. PBF Energy’s dividend payout ratio is presently -23.35%.

Institutional Trading of PBF Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after purchasing an additional 392,776 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in PBF Energy during the 3rd quarter valued at about $2,404,000. Intech Investment Management LLC grew its position in PBF Energy by 165.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,107 shares of the oil and gas company’s stock valued at $1,427,000 after purchasing an additional 28,770 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in PBF Energy by 44.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,424 shares of the oil and gas company’s stock valued at $1,839,000 after purchasing an additional 18,173 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in PBF Energy by 40.5% during the 3rd quarter. Bridgewater Associates LP now owns 93,566 shares of the oil and gas company’s stock valued at $2,896,000 after purchasing an additional 26,952 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of PBF Energy from $34.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. UBS Group lowered their price target on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group lowered their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, PBF Energy currently has an average rating of “Hold” and an average target price of $29.55.

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.