Control Empresarial De Capital Purchases 55,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital purchased 55,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was bought at an average cost of $30.85 per share, with a total value of $1,696,750.00. Following the completion of the purchase, the insider now owns 23,462,398 shares of the company’s stock, valued at approximately $723,814,978.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were acquired 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 bought 265,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.87 per share, with a total value of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital bought 250,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.78 per share, with a total value of $7,945,000.00.
• On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The stock was bought at an average cost of $31.29 per share, for a total transaction 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, for a total transaction of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The stock was bought at an average cost of $33.18 per share, for a total transaction of $16,921,800.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 50,000 shares of PBF Energy stock. The stock was bought at an average cost of $35.60 per share, for a total transaction of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The stock was bought at an average cost of $39.22 per share, for a total transaction of $12,040,540.00.

PBF Energy Stock Performance

Shares of PBF Energy stock traded down $0.16 during trading hours on Wednesday, hitting $31.20. 2,546,510 shares of the company were exchanged, compared to its average volume of 2,147,118. PBF Energy Inc. has a 1 year low of $30.17 and a 1 year high of $62.88. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $34.58 and a 200-day moving average of $44.50. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 2.15 and a beta of 1.56.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The company had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter last year, the company earned $2.29 EPS. PBF Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts expect that PBF Energy Inc. will post 0.6 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. PBF Energy’s dividend payout ratio (DPR) is 6.92%.

Hedge Funds Weigh In On PBF Energy

A number of institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise grew its position in shares of PBF Energy by 10.4% in the first quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC lifted its position in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after buying an additional 224 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of PBF Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company’s stock valued at $7,863,000 after purchasing an additional 359 shares in the last quarter. US Bancorp DE lifted its holdings in PBF Energy by 5.3% during the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company’s stock worth $452,000 after buying an additional 395 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in PBF Energy in the first quarter valued at $27,000. 96.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBF has been the topic of a number of research analyst reports. UBS Group dropped their price target on shares of PBF Energy from $57.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Wells Fargo & Company lowered their target price on shares of PBF Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Scotiabank lowered their target price on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, July 1st. Finally, JPMorgan Chase & Co. cut shares of PBF Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $40.00 in a research note on Wednesday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, PBF Energy has an average rating of “Hold” and an average price target of $46.73.

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.