Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 110,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital acquired 110,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of $17.40 per share, with a total value of $1,914,000.00. Following the completion of the acquisition, the insider now owns 30,696,998 shares in the company, valued at approximately $534,127,765.20. The trade was a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, April 9th, Control Empresarial De Capital acquired 15,000 shares of PBF Energy stock. The stock was 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 purchased 16,000 shares of PBF Energy stock. The stock was acquired at an average price of $13.88 per share, for a total transaction of $222,080.00.
• On Friday, March 28th, Control Empresarial De Capital bought 20,000 shares of PBF Energy stock. The stock was bought at an average cost 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 acquired 150,000 shares of PBF Energy stock. The stock was purchased at an average cost of $28.70 per share, with a total value 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 purchased 46,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The shares were acquired 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 bought 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00.

PBF Energy Stock Performance

Shares of NYSE PBF traded up $0.50 during midday trading on Friday, reaching $15.44. 3,422,638 shares of the company traded hands, compared to its average volume of 2,343,645. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -3.28 and a beta of 1.15. The stock has a 50-day moving average price of $21.02 and a 200 day moving average price of $26.92. PBF Energy Inc. has a 52 week low of $13.62 and a 52 week high of $60.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.

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 analysts' consensus estimates of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. Sell-side analysts anticipate that PBF Energy Inc. will post -1.12 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a yield of 7.13%. PBF Energy's dividend payout ratio (DPR) is -23.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PBF shares. Mizuho reduced their target price on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price objective on PBF Energy from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Scotiabank dropped their target price on shares of PBF Energy from $25.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday. UBS Group reduced their price target on shares of PBF Energy from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Piper Sandler lowered their price objective on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $24.18.

Hedge Funds Weigh In On PBF Energy

Several hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in shares of PBF Energy by 968.8% in the 4th 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 in the last quarter. Parallel Advisors LLC grew its position in PBF Energy by 80.4% in the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company's stock worth $46,000 after buying an additional 1,085 shares during the last quarter. Quarry LP bought a new position in shares of PBF Energy in the third quarter valued at $48,000. Golden State Wealth Management LLC bought a new position in shares of PBF Energy in the fourth quarter valued at $61,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of PBF Energy by 33.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock valued at $65,000 after acquiring an additional 614 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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.