PBF Energy Inc. (NYSE:PBF) Insider Buys $1,098,800.00 in Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital purchased 40,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of $27.47 per share, with a total value of $1,098,800.00. Following the completion of the acquisition, the insider now owns 29,355,998 shares of the company's stock, valued at $806,409,265.06. This trade represents a 0.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $4,305,000.00.
• On Thursday, January 30th, Control Empresarial De Capital bought 46,000 shares of PBF Energy stock. The shares were purchased 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 purchased 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 acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock. The stock was acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The stock was purchased at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital acquired 300,000 shares of PBF Energy stock. The stock was bought at an average cost of $30.82 per share, with a total value of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital purchased 195,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital purchased 409,000 shares of PBF Energy stock. The stock was purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00.

PBF Energy Stock Down 1.0 %

NYSE:PBF traded down $0.28 during midday trading on Friday, reaching $27.82. The company had a trading volume of 1,706,461 shares, compared to its average volume of 2,074,934. The stock's fifty day simple moving average is $28.66 and its 200-day simple moving average is $31.57. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of -10.74 and a beta of 1.60.

Analysts Set New Price Targets

A number of research analysts have weighed in on PBF shares. Wells Fargo & Company lowered shares of PBF Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $39.00 to $34.00 in a research note on Monday, December 9th. StockNews.com lowered PBF Energy from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Mizuho lowered PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Monday, December 16th. The Goldman Sachs Group reduced their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Finally, Bank of America assumed coverage on shares of PBF Energy in a research report on Thursday, October 17th. They set an "underperform" rating and a $25.00 price target for the company. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.00.

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 boosted its holdings in shares of PBF Energy by 968.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 1,056 shares during the last quarter. Quarry LP purchased a new position in shares of PBF Energy in the third quarter valued at $48,000. Harbor Capital Advisors Inc. acquired a new stake in shares of PBF Energy during the third quarter valued at about $59,000. Golden State Wealth Management LLC acquired a new stake in PBF Energy in the fourth quarter valued at $61,000. Finally, Blue Trust Inc. increased its holdings in shares of PBF Energy by 1,291.1% in the 3rd quarter. Blue Trust Inc. now owns 2,184 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 2,027 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company's stock.

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.