PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 60,000 Shares

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 60,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of $29.29 per share, for a total transaction of $1,757,400.00. Following the acquisition, the insider now owns 29,144,998 shares of the company’s stock, valued at approximately $853,656,991.42. This represents a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing 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, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were bought 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 shares were bought 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 purchased at an average cost of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were purchased 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 acquired 300,000 shares of PBF Energy stock. The stock was purchased 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 stock was acquired 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 shares were acquired at an average price of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital acquired 57,000 shares of PBF Energy stock. The stock was acquired at an average price 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 stock was acquired at an average cost 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 shares were bought at an average price of $28.37 per share, with a total value of $2,411,450.00.

PBF Energy Trading Down 1.1 %

NYSE PBF opened at $30.11 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The stock’s 50 day simple moving average is $29.04 and its 200-day simple moving average is $32.07. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $6.61 EPS. The company’s revenue for the quarter was down 21.9% on a year-over-year basis. Research analysts anticipate that PBF Energy Inc. will post -3.54 earnings per share for the current year.

Institutional Investors Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its position in PBF Energy by 391.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock worth $47,663,000 after acquiring an additional 1,226,909 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of PBF Energy by 132.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after purchasing an additional 492,053 shares during the last quarter. Van ECK Associates Corp grew its position in shares of PBF Energy by 2,119.6% in the fourth 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 in the last quarter. Recurrent Investment Advisors LLC acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $11,516,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of PBF Energy in the third quarter valued at approximately $10,506,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the topic of several analyst reports. StockNews.com lowered PBF Energy from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Bank of America assumed coverage on shares of PBF Energy in a report on Thursday, October 17th. They set an “underperform” rating and a $25.00 price target on the stock. TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and cut their price objective for the company from $27.00 to $20.00 in a report on Friday, December 20th. BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Finally, Wells Fargo & Company lowered 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 research note on Monday, December 9th. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, PBF Energy has an average rating of “Hold” and a consensus price target of $32.00.

About PBF Energy

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.