PBF Energy Inc. (NYSE:PBF) Insider Purchases $381,800.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 20,000 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $381,800.00. Following the transaction, the insider now directly owns 30,534,998 shares of the company’s stock, valued at approximately $582,913,111.82. This represents a 0.07 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The shares were purchased at an average cost of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The stock was purchased at an average cost of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was acquired at an average cost 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 shares were acquired 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 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 purchased 100,000 shares of PBF Energy stock. The shares were bought at an average cost 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 cost of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Price Performance

PBF stock opened at $16.72 on Friday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -3.55 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $23.34 and a 200-day moving average of $27.87. PBF Energy Inc. has a 12-month low of $16.51 and a 12-month high of $62.88.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. As a group, equities analysts expect that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 6.58%. PBF Energy’s payout ratio is -23.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PBF shares. Piper Sandler dropped their target price on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. Mizuho cut their price objective on shares of PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Morgan Stanley cut their price target on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, TD Cowen lowered their price objective on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.55.

Hedge Funds Weigh In On PBF Energy

Several hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC grew its position in shares of PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 1,056 shares during the last quarter. Quarry LP acquired a new stake in PBF Energy during the 3rd quarter valued at $48,000. Golden State Wealth Management LLC purchased a new position in PBF Energy during the fourth quarter worth $61,000. EverSource Wealth Advisors LLC raised its holdings in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 614 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of PBF Energy in the fourth quarter valued at $68,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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.