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, December 4th. The shares were purchased at an average cost of $30.82 per share, with a total value of $9,246,000.00. Following the completion of the transaction, the insider now owns 27,863,498 shares in the company, valued at $858,753,008.36. This represents a 1.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 acquired at an average cost of $31.58 per share, with a total value of $12,916,220.00.
- On Monday, November 25th, Control Empresarial De Capital bought 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, with a total value of $1,806,900.00.
- On Tuesday, November 19th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was bought at an average price of $31.28 per share, for a total transaction of $3,128,000.00.
- On Tuesday, November 5th, Control Empresarial De Capital acquired 85,000 shares of PBF Energy stock. The shares were bought at an average price of $28.37 per share, with a total value of $2,411,450.00.
- On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The stock was purchased at an average price of $28.66 per share, with a total value of $4,299,000.00.
- On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.01 per share, for a total transaction of $8,703,000.00.
- On Monday, October 28th, Control Empresarial De Capital acquired 75,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.58 per share, with a total value of $2,368,500.00.
- On Wednesday, October 23rd, Control Empresarial De Capital bought 287,100 shares of PBF Energy stock. The shares were purchased at an average cost of $31.91 per share, with a total value of $9,161,361.00.
- On Tuesday, October 15th, Control Empresarial De Capital purchased 1,000,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.75 per share, for a total transaction of $31,750,000.00.
PBF Energy Price Performance
NYSE PBF traded down $0.60 during trading hours on Friday, reaching $30.20. The company's stock had a trading volume of 1,007,477 shares, compared to its average volume of 2,151,869. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -11.89 and a beta of 1.57. The company's 50-day moving average is $31.47 and its two-hundred day moving average is $36.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. PBF Energy Inc. has a 1-year low of $27.94 and a 1-year high of $62.88.
PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company earned $6.61 earnings per share. The company's quarterly revenue was down 21.9% compared to the same quarter last year. On average, equities analysts predict that PBF Energy Inc. will post -2.86 EPS for the current year.
PBF Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.275 dividend. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.64%. PBF Energy's dividend payout ratio (DPR) is -42.47%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded PBF Energy from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $53.00 to $40.00 in a research note on Wednesday, October 2nd. TD Cowen lowered their target price on shares of PBF Energy from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, November 1st. UBS Group cut their price target on shares of PBF Energy from $57.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. StockNews.com lowered shares of PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Finally, Mizuho lowered their price target on PBF Energy from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $34.18.
Check Out Our Latest Analysis on PBF Energy
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in PBF Energy during the 2nd quarter worth $26,000. Quarry LP purchased a new stake in PBF Energy during the 3rd quarter valued at about $48,000. CWM LLC raised its holdings in PBF Energy by 108.6% in the 2nd quarter. CWM LLC now owns 1,093 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 569 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in PBF Energy in the 3rd quarter worth approximately $59,000. Finally, Blue Trust Inc. lifted its stake in 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 worth $68,000 after purchasing an additional 2,027 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.
About PBF Energy
(
Get Free Report)
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.
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