Control Empresarial De Capital Purchases 510,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital acquired 510,000 shares of PBF Energy stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $33.18 per share, for a total transaction of $16,921,800.00. Following the transaction, the insider now owns 19,129,598 shares of the company's stock, valued at $634,720,061.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, August 5th, Control Empresarial De Capital bought 50,000 shares of PBF Energy stock. The stock was acquired at an average cost of $35.60 per share, with a total value of $1,780,000.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The stock was acquired at an average cost of $39.22 per share, with a total value of $12,040,540.00.
• On Friday, June 28th, Control Empresarial De Capital bought 140,000 shares of PBF Energy stock. The stock was acquired at an average cost of $45.73 per share, with a total value of $6,402,200.00.
• On Wednesday, June 26th, Control Empresarial De Capital bought 102,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.91 per share, with a total value of $4,580,820.00.
• On Monday, June 24th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.31 per share, with a total value of $4,431,000.00.
• On Thursday, June 20th, Control Empresarial De Capital acquired 365,200 shares of PBF Energy stock. The shares were purchased at an average cost of $43.84 per share, with a total value of $16,010,368.00.
• On Monday, June 17th, Control Empresarial De Capital acquired 38,000 shares of PBF Energy stock. The shares were purchased at an average cost of $43.65 per share, with a total value of $1,658,700.00.
• On Friday, June 14th, Control Empresarial De Capital acquired 600,000 shares of PBF Energy stock. The shares were purchased at an average cost of $44.13 per share, with a total value of $26,478,000.00.
• On Wednesday, June 12th, Control Empresarial De Capital acquired 403,400 shares of PBF Energy stock. The shares were purchased at an average cost of $44.36 per share, with a total value of $17,894,824.00.
• On Monday, June 10th, Control Empresarial De Capital acquired 7,500 shares of PBF Energy stock. The shares were purchased at an average cost of $45.65 per share, with a total value of $342,375.00.

PBF Energy Stock Down 2.5 %

PBF Energy stock traded down $0.83 during trading hours on Thursday, reaching $32.23. The stock had a trading volume of 2,593,125 shares, compared to its average volume of 2,100,795. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 2.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.75. The business's 50 day moving average price is $38.40 and its 200-day moving average price is $46.83. PBF Energy Inc. has a 52 week low of $32.14 and a 52 week high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The company had revenue of $8.74 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the company earned $2.29 EPS. The business's revenue was down 4.6% compared to the same quarter last year. Sell-side analysts anticipate that PBF Energy Inc. will post 1.61 EPS for the current year.

PBF Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.10%. PBF Energy's dividend payout ratio (DPR) is currently 6.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PBF shares. Mizuho lowered their target price on shares of PBF Energy from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, June 20th. Wolfe Research started coverage on shares of PBF Energy in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Piper Sandler lowered their target price on shares of PBF Energy from $54.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, June 14th. UBS Group lowered their target price on shares of PBF Energy from $57.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group decreased their price objective on PBF Energy from $57.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, July 1st. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $52.30.

Hedge Funds Weigh In On PBF Energy

Hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. increased its holdings in shares of PBF Energy by 18.4% during the first quarter. Hennessy Advisors Inc. now owns 578,934 shares of the oil and gas company's stock valued at $33,329,000 after acquiring an additional 89,900 shares in the last quarter. Van ECK Associates Corp boosted its position in PBF Energy by 763.4% in the first quarter. Van ECK Associates Corp now owns 208,586 shares of the oil and gas company's stock valued at $12,008,000 after buying an additional 184,426 shares during the last quarter. Norges Bank purchased a new stake in PBF Energy in the fourth quarter valued at approximately $54,832,000. Acadian Asset Management LLC boosted its position in PBF Energy by 4.8% in the first quarter. Acadian Asset Management LLC now owns 1,054,399 shares of the oil and gas company's stock valued at $60,689,000 after buying an additional 48,525 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in PBF Energy in the first quarter valued at approximately $1,394,000. Institutional investors and hedge funds own 96.29% of the company's stock.

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.

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