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

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $28.66 per share, with a total value of $4,299,000.00. Following the completion of the purchase, the insider now owns 26,112,498 shares of the company’s stock, valued at approximately $748,384,192.68. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital bought 75,000 shares of PBF Energy stock. The shares were acquired at an average price 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 acquired 1,000,000 shares of PBF Energy stock. The stock was bought 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 bought 55,000 shares of PBF Energy stock. The shares were purchased at an average cost of $30.85 per share, with a total value of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were purchased at an average cost 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 stock was purchased at an average price of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock. The stock was acquired at an average price of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital bought 670,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital purchased 805,300 shares of PBF Energy stock. The stock was bought at an average cost of $32.62 per share, with a total value of $26,268,886.00.

PBF Energy Stock Performance

NYSE PBF opened at $30.84 on Thursday. The stock has a market cap of $3.61 billion, a PE ratio of -11.91 and a beta of 1.56. PBF Energy Inc. has a twelve month low of $27.94 and a twelve month high of $62.88. The stock has a fifty day simple moving average of $31.94 and a 200-day simple moving average of $39.79. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF) 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 firm had revenue of $8.38 billion for 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 for the quarter was down 21.9% on a year-over-year basis. During the same quarter last year, the company earned $6.61 earnings per share. Equities 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. Investors of record on Wednesday, November 13th will be issued a $0.275 dividend. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.10 annualized dividend and a yield of 3.57%. PBF Energy’s dividend payout ratio (DPR) is -38.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PBF shares. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday. Tudor, Pickering, Holt & Co. downgraded PBF Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Wolfe Research began coverage on PBF Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. TD Cowen lowered their target price on shares of PBF Energy from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Scotiabank reduced their target price on shares of PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, PBF Energy currently has an average rating of “Hold” and an average target price of $34.18.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently modified their holdings of PBF. Acadian Asset Management LLC lifted its stake in PBF Energy by 32.9% in the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company’s stock valued at $64,489,000 after buying an additional 347,268 shares during the last quarter. LSV Asset Management boosted its holdings in PBF Energy by 2.7% during the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company’s stock worth $59,409,000 after buying an additional 34,470 shares in the last quarter. American Century Companies Inc. grew its position in PBF Energy by 3.4% during the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company’s stock worth $45,712,000 after buying an additional 32,862 shares during the period. Private Management Group Inc. increased its stake in PBF Energy by 27.5% in the 3rd quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company’s stock valued at $26,267,000 after purchasing an additional 183,183 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of PBF Energy by 14.8% in the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company’s stock valued at $29,883,000 after buying an additional 84,532 shares in the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

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.