Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 15,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital acquired 15,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the acquisition, the insider now owns 30,774,998 shares in the company, valued at approximately $444,390,971.12. The trade was a 0.05 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were purchased at an average price of $13.98 per share, for a total transaction of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The stock was acquired at an average cost of $13.88 per share, with a total value of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital purchased 110,000 shares of PBF Energy stock. The shares were bought at an average price of $17.40 per share, with a total value of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital acquired 20,000 shares of PBF Energy stock. The stock was purchased at an average price of $19.09 per share, with a total value of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital bought 155,000 shares of PBF Energy stock. The shares were bought 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 purchased 150,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The shares were bought at an average cost of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.60 per share, for a total transaction of $2,960,000.00.

PBF Energy Stock Up 2.0 %

PBF traded up $0.29 during trading hours on Friday, reaching $15.18. 4,094,523 shares of the stock traded hands, compared to its average volume of 2,382,381. PBF Energy Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $58.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -3.22 and a beta of 1.15. The firm's fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $26.39.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.25 billion. As a group, analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The business also recently declared 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 was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.25%. PBF Energy's dividend payout ratio (DPR) is presently -23.35%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PBF. T. Rowe Price Investment Management Inc. raised its stake in shares of PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after purchasing an additional 1,272,254 shares in the last quarter. American Century Companies Inc. lifted its stake in PBF Energy by 11.2% during the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock worth $49,532,000 after purchasing an additional 187,351 shares during the last quarter. Two Sigma Investments LP increased its stake in PBF Energy by 12.6% during the fourth quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock valued at $43,690,000 after purchasing an additional 184,194 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PBF Energy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after purchasing an additional 78,045 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of PBF Energy by 60.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after buying an additional 562,287 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on PBF Energy from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group dropped their price objective on shares of PBF Energy from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Piper Sandler lowered their target price on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group cut their target price on PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Seven research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $24.18.

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.