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

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 155,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $20.20 per share, for a total transaction of $3,131,000.00. Following the transaction, the insider now owns 30,249,998 shares of the company’s stock, valued at $611,049,959.60. This trade represents a 0.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The shares were acquired at an average cost of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The stock was bought 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 purchased 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 purchased 60,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.29 per share, for a total transaction 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 bought 100,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 stock was 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 shares were 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.

PBF Energy Stock Performance

Shares of PBF stock opened at $20.14 on Thursday. The stock has a fifty day moving average price of $26.73 and a 200 day moving average price of $29.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. The stock has a market cap of $2.32 billion, a PE ratio of -4.27 and a beta of 1.60. PBF Energy Inc. has a 1 year low of $18.97 and a 1 year high of $62.88.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Sell-side analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.46%. PBF Energy’s dividend payout ratio (DPR) is -23.35%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in PBF Energy by 539.7% during the third quarter. International Assets Investment Management LLC now owns 20,118 shares of the oil and gas company’s stock worth $650,000 after buying an additional 16,973 shares in the last quarter. Nisa Investment Advisors LLC increased its position in PBF Energy by 1.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company’s stock worth $893,000 after purchasing an additional 485 shares in the last quarter. Farther Finance Advisors LLC raised its stake in PBF Energy by 27.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company’s stock valued at $81,000 after purchasing an additional 573 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in PBF Energy in the 3rd quarter valued at about $59,000. Finally, Hara Capital LLC lifted its holdings in PBF Energy by 28.9% in the 3rd quarter. Hara Capital LLC now owns 506,317 shares of the oil and gas company’s stock valued at $15,670,000 after purchasing an additional 113,519 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the subject of a number of research reports. Mizuho cut shares of PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $33.00 to $31.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on PBF Energy from $34.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group decreased their price objective on PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen cut shares of PBF Energy from a “hold” rating to a “sell” rating and cut their target price for the company from $27.00 to $20.00 in a report on Friday, December 20th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, PBF Energy has a consensus rating of “Hold” and a consensus price target 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.