Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Purchases 300,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital bought 300,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $29.01 per share, for a total transaction of $8,703,000.00. Following the purchase, the insider now owns 25,640,498 shares in the company, valued at $743,830,846.98. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The shares were bought at an average price of $31.58 per share, for a total transaction of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The shares were bought at an average price of $31.91 per share, for a total transaction of $9,161,361.00.
• On Tuesday, October 15th, Control Empresarial De Capital acquired 1,000,000 shares of PBF Energy stock. The shares were bought at an average price of $31.75 per share, for a total transaction of $31,750,000.00.
• On Monday, September 30th, Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock. The shares were bought at an average price of $30.85 per share, for a total transaction of $1,696,750.00.
• On Wednesday, September 25th, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were bought at an average price of $30.93 per share, for a total transaction of $1,237,200.00.
• On Monday, September 23rd, Control Empresarial De Capital acquired 265,000 shares of PBF Energy stock. The shares were bought at an average price of $31.87 per share, for a total transaction of $8,445,550.00.
• On Friday, September 20th, Control Empresarial De Capital bought 250,000 shares of PBF Energy stock. The stock was acquired 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 bought 670,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.29 per share, with a total value of $20,964,300.00.
• On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The stock was acquired at an average cost of $32.62 per share, with a total value of $26,268,886.00.
• On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The stock was acquired at an average cost of $33.18 per share, with a total value of $16,921,800.00.

PBF Energy Trading Down 1.5 %

Shares of NYSE:PBF traded down $0.44 on Friday, hitting $28.08. 2,739,952 shares of the company's stock were exchanged, compared to its average volume of 2,387,155. 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 simple moving average is $32.15 and its two-hundred day simple moving average is $40.36. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of -10.84 and a beta of 1.56. PBF Energy Inc. has a 12 month low of $27.94 and a 12 month high of $62.88.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.10). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.78%. The business's revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.61 earnings per share. Analysts anticipate that PBF Energy Inc. will post -2.27 EPS for the current fiscal year.

PBF Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.275 dividend. This is an increase from PBF Energy's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, November 13th. PBF Energy's payout ratio is presently -38.61%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PBF. Scotiabank cut their target price on shares of PBF Energy from $45.00 to $31.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Piper Sandler lowered shares of PBF Energy from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $47.00 to $25.00 in a research note on Friday, September 20th. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $51.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets lowered shares of PBF Energy from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Finally, Tudor, Pickering, Holt & Co. lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $34.45.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in PBF Energy by 32.9% in the second quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company's stock worth $64,489,000 after purchasing an additional 347,268 shares in the last quarter. LSV Asset Management raised its holdings in PBF Energy by 2.7% in the second quarter. LSV Asset Management now owns 1,290,947 shares of the oil and gas company's stock worth $59,409,000 after purchasing an additional 34,470 shares in the last quarter. American Century Companies Inc. raised its holdings in PBF Energy by 3.4% in the second quarter. American Century Companies Inc. now owns 993,301 shares of the oil and gas company's stock worth $45,712,000 after purchasing an additional 32,862 shares in the last quarter. Private Management Group Inc. raised its holdings in PBF Energy by 27.5% in the third quarter. Private Management Group Inc. now owns 848,696 shares of the oil and gas company's stock worth $26,267,000 after purchasing an additional 183,183 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in PBF Energy by 14.8% in the second quarter. AQR Capital Management LLC now owns 654,464 shares of the oil and gas company's stock worth $29,883,000 after purchasing an additional 84,532 shares in the last quarter. 96.29% of the stock is currently owned by 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.