Control Empresarial De Capital Buys 150,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital bought 150,000 shares of PBF Energy stock in a transaction dated Thursday, February 6th. The stock was purchased at an average price of $28.70 per share, with a total value of $4,305,000.00. Following the purchase, the insider now directly owns 29,505,998 shares in the company, valued at approximately $846,822,142.60. This trade represents a 0.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The stock was purchased 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 stock was bought 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 acquired 60,000 shares of PBF Energy stock. The stock was bought at an average price 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 bought at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was bought at an average price of $28.62 per share, with a total value of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The stock was bought at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were purchased at an average price of $26.86 per share, with a total value of $9,172,690.00.
• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were purchased at an average price 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 purchased at an average price of $31.12 per share, with a total value of $6,068,400.00.
• On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, with a total value of $12,916,220.00.

PBF Energy Stock Performance

PBF stock traded up $0.02 during trading on Tuesday, hitting $28.71. 605,858 shares of the company's stock traded hands, compared to its average volume of 2,014,887. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. The stock has a fifty day moving average price of $28.58 and a two-hundred day moving average price of $31.44. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -11.08 and a beta of 1.60.

Institutional Trading of PBF Energy

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of PBF Energy by 7.0% during the second quarter. Creative Planning now owns 17,895 shares of the oil and gas company's stock worth $824,000 after acquiring an additional 1,165 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of PBF Energy during the second quarter worth about $1,176,000. Wedge Capital Management L L P NC grew its position in shares of PBF Energy by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 33,551 shares of the oil and gas company's stock worth $1,038,000 after acquiring an additional 3,083 shares during the last quarter. Bfsg LLC lifted its holdings in PBF Energy by 23.5% in the third quarter. Bfsg LLC now owns 7,120 shares of the oil and gas company's stock worth $220,000 after purchasing an additional 1,354 shares during the period. Finally, nVerses Capital LLC lifted its holdings in PBF Energy by 48.3% in the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the oil and gas company's stock valued at $266,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 96.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PBF shares. JPMorgan Chase & Co. lowered their target price on shares of PBF Energy from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, January 10th. The Goldman Sachs Group reduced their price target on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. 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 target price on the stock. StockNews.com cut shares of PBF Energy from a "hold" rating to a "sell" rating in a research report on Monday, November 4th. Finally, TD Cowen cut shares of PBF Energy from a "hold" rating to a "sell" rating and reduced their target price for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and an average price target of $32.00.

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.