PBF Energy Inc. (NYSE:PBF) Insider Purchases $9,172,690.00 in Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital bought 341,500 shares of PBF Energy stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $26.86 per share, with a total value of $9,172,690.00. Following the completion of the purchase, the insider now directly owns 28,814,998 shares in the company, valued at $773,970,846.28. This trade represents a 1.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was purchased at an average price of $30.82 per share, for a total transaction of $9,246,000.00.
• On Friday, November 29th, Control Empresarial De Capital acquired 195,000 shares of PBF Energy stock. The shares were acquired 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 shares were acquired at an average cost of $31.58 per share, for a total transaction of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The stock was acquired at an average cost of $31.70 per share, with a total value of $1,806,900.00.
• On Tuesday, November 19th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were 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 bought 85,000 shares of PBF Energy stock. The stock was 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 purchased 150,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.66 per share, with a total value of $4,299,000.00.
• On Wednesday, October 30th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.01 per share, for a total transaction of $8,703,000.00.
• On Monday, October 28th, Control Empresarial De Capital purchased 75,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.58 per share, with a total value of $2,368,500.00.
• On Wednesday, October 23rd, Control Empresarial De Capital acquired 287,100 shares of PBF Energy stock. The stock was purchased at an average cost of $31.91 per share, for a total transaction of $9,161,361.00.

PBF Energy Stock Down 1.2 %

Shares of PBF traded down $0.31 during mid-day trading on Friday, reaching $25.15. The company's stock had a trading volume of 6,485,914 shares, compared to its average volume of 2,175,057. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -9.71 and a beta of 1.57. PBF Energy Inc. has a 1 year low of $24.21 and a 1 year high of $62.88. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $30.79 and a 200 day moving average of $35.44.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.09). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company's revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.61 earnings per share. As a group, analysts forecast that PBF Energy Inc. will post -2.87 earnings per share for the current fiscal year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, November 13th. This is an increase from PBF Energy's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 4.37%. PBF Energy's payout ratio is presently -42.47%.

Analysts Set New Price Targets

PBF has been the topic of a number of research analyst reports. Bank of America assumed coverage on PBF Energy in a report on Thursday, October 17th. They set an "underperform" rating and a $25.00 target price on the stock. BMO Capital Markets downgraded shares of PBF Energy from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $42.00 to $35.00 in a report on Friday, October 4th. Tudor Pickering upgraded shares of PBF Energy to a "strong sell" rating in a report on Monday, September 9th. JPMorgan Chase & Co. cut PBF Energy from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $53.00 to $40.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered PBF Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $39.00 to $34.00 in a research note on Monday, December 9th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, PBF Energy currently has an average rating of "Hold" and a consensus price target of $32.45.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PBF. National Bank of Canada FI acquired a new position in PBF Energy in the 2nd quarter worth about $26,000. Quarry LP bought a new stake in shares of PBF Energy in the 3rd quarter valued at approximately $48,000. Harbor Capital Advisors Inc. acquired a new position in PBF Energy in the third quarter worth approximately $59,000. Blue Trust Inc. raised its position in PBF Energy by 1,291.1% during the third 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in PBF Energy by 27.9% in the third quarter. Farther Finance Advisors LLC now owns 2,626 shares of the oil and gas company's stock valued at $81,000 after acquiring an additional 573 shares during the last quarter. Institutional investors and hedge funds 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.

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