PBF Energy Inc. (NYSE:PBF) Insider Purchases $1,757,400.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 60,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average cost of $29.29 per share, with a total value of $1,757,400.00. Following the purchase, the insider now owns 29,144,998 shares of the company’s stock, valued at $853,656,991.42. The trade was a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were acquired at an average price 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 stock was bought at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The shares were bought at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The stock was bought at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The stock was bought at an average price of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital acquired 409,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital bought 57,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.70 per share, for a total transaction of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
• On Tuesday, November 5th, Control Empresarial De Capital acquired 85,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.37 per share, with a total value of $2,411,450.00.

PBF Energy Stock Down 1.1 %

PBF opened at $30.11 on Friday. The business has a 50 day moving average price of $29.04 and a two-hundred day moving average price of $32.07. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The firm’s revenue was down 21.9% on a year-over-year basis. During the same quarter last year, the business posted $6.61 EPS. On average, equities research analysts predict that PBF Energy Inc. will post -3.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their price target for the company from $27.00 to $20.00 in a research report on Friday, December 20th. Scotiabank lowered their target price on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group reduced their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus target price of $32.00.

Hedge Funds Weigh In On PBF Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBF. Sei Investments Co. boosted its stake in shares of PBF Energy by 27.0% in the second quarter. Sei Investments Co. now owns 101,593 shares of the oil and gas company’s stock valued at $4,675,000 after buying an additional 21,574 shares in the last quarter. AXA S.A. boosted its position in shares of PBF Energy by 65.8% during the 2nd quarter. AXA S.A. now owns 23,378 shares of the oil and gas company’s stock worth $1,076,000 after purchasing an additional 9,278 shares in the last quarter. Ascent Group LLC acquired a new position in shares of PBF Energy during the 2nd quarter worth $204,000. Creative Planning increased its holdings in shares of PBF Energy by 7.0% in the 2nd quarter. Creative Planning now owns 17,895 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of PBF Energy by 11.9% in the second quarter. Sunbelt Securities Inc. now owns 13,540 shares of the oil and gas company’s stock valued at $623,000 after purchasing an additional 1,436 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.