PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 150,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 150,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was bought at an average cost of $28.70 per share, for a total transaction of $4,305,000.00. Following the acquisition, the insider now directly owns 29,505,998 shares in the company, valued at approximately $846,822,142.60. The trade was a 0.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were purchased at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The stock was purchased at an average price 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 purchased at an average cost of $29.29 per share, for a total transaction of $1,757,400.00.
• 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, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The stock was acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital acquired 341,500 shares of PBF Energy stock. The stock was bought at an average price of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were bought at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was purchased at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.

PBF Energy Stock Down 1.0 %

Shares of NYSE:PBF traded down $0.28 during trading on Friday, reaching $27.82. 1,706,461 shares of the stock traded hands, compared to its average volume of 2,084,862. PBF Energy Inc. has a 52-week low of $24.21 and a 52-week high of $62.88. The stock has a market cap of $3.20 billion, a P/E ratio of -10.74 and a beta of 1.60. The stock has a 50-day moving average of $28.74 and a two-hundred day moving average of $31.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

Analyst Upgrades and Downgrades

PBF has been the subject of several recent analyst reports. Scotiabank lowered their price objective on shares of 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. StockNews.com cut PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $39.00 to $34.00 in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $31.00 in a report on Monday, December 16th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, PBF Energy has a consensus rating of “Hold” and a consensus target price of $32.00.

Institutional Trading of PBF Energy

A number of institutional investors and hedge funds have recently modified their holdings of PBF. Yousif Capital Management LLC grew its holdings in shares of PBF Energy by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock worth $1,084,000 after acquiring an additional 459 shares during the period. Leavell Investment Management Inc. lifted its stake in shares of PBF Energy by 3.0% during the 3rd quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 460 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of PBF Energy by 1.7% in the third quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock valued at $893,000 after acquiring an additional 485 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in PBF Energy by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 543 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of PBF Energy by 27.9% during the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 573 shares during the last quarter. Institutional investors 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.