Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Buys $222,080.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 16,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $13.88 per share, with a total value of $222,080.00. Following the completion of the transaction, the insider now owns 30,737,998 shares in the company, valued at $426,643,412.24. The trade was a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, April 9th, Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock. The stock was bought at an average cost of $13.98 per share, with a total value of $209,700.00.
• On Thursday, April 3rd, Control Empresarial De Capital acquired 110,000 shares of PBF Energy stock. The stock was bought at an average cost of $17.40 per share, for a total transaction of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital bought 20,000 shares of PBF Energy stock. The shares were purchased at an average cost of $19.09 per share, with a total value of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The stock was purchased at an average price 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 shares were purchased at an average price 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 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 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 cost of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 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 bought 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.

PBF Energy Stock Performance

Shares of PBF opened at $15.44 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -3.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $60.98. The stock has a 50 day moving average price of $21.02 and a two-hundred day moving average price of $26.92.

PBF Energy (NYSE:PBF) last released its quarterly 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). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Equities analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group reduced their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group reduced their price target on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Morgan Stanley dropped their price objective on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company reduced their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their price target on PBF Energy from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.18.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently added to or reduced their stakes in PBF. Fortitude Family Office LLC grew its stake in PBF Energy by 968.8% in the 4th 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 period. Quarry LP bought a new position in PBF Energy during the third quarter valued at about $48,000. Golden State Wealth Management LLC bought a new position in PBF Energy during the fourth quarter valued at about $61,000. Parallel Advisors LLC raised its position in PBF Energy by 80.4% in the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 1,085 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in 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 period. 96.29% of the stock is owned by 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.