PBF Energy (NYSE:PBF) Shares Up 4.1% Following Insider Buying Activity

PBF Energy Inc. (NYSE:PBF - Get Free Report) shares shot up 4.1% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as $26.68 and last traded at $26.62. 340,226 shares traded hands during trading, a decline of 84% from the average session volume of 2,160,078 shares. The stock had previously closed at $25.57.

Specifically, insider Control Empresarial De Capital purchased 70,000 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the completion of the transaction, the insider now owns 28,884,998 shares in the company, valued at approximately $738,300,548.88. This represents a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Wall Street Analyst Weigh In

PBF has been the subject of several analyst reports. Bank of America began coverage on PBF Energy in a report on Thursday, October 17th. They issued an "underperform" rating and a $25.00 price objective for the company. StockNews.com downgraded PBF Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Scotiabank dropped their price objective on PBF Energy from $45.00 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group dropped their target price on shares of PBF Energy from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Finally, TD Cowen lowered PBF Energy from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Seven analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $32.45.

PBF Energy Stock Up 3.8 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34. The firm's 50 day moving average price is $29.64 and its two-hundred day moving average price is $34.18. The company has a market cap of $3.06 billion, a P/E ratio of -10.25 and a beta of 1.57.

PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.09). The firm 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 firm's quarterly revenue was down 21.9% compared to the same quarter last year. During the same period last year, the company posted $6.61 earnings per share. Equities research analysts anticipate that PBF Energy Inc. will post -2.87 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.14%. This is a positive change from PBF Energy's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 13th. PBF Energy's dividend payout ratio (DPR) is -42.47%.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leavell Investment Management Inc. raised its holdings in shares of PBF Energy by 3.0% in the third quarter. Leavell Investment Management Inc. now owns 15,770 shares of the oil and gas company's stock valued at $488,000 after purchasing an additional 460 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in PBF Energy by 1.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,853 shares of the oil and gas company's stock valued at $893,000 after purchasing an additional 485 shares during the period. Verdence Capital Advisors LLC increased its position in shares of PBF Energy by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,915 shares of the oil and gas company's stock valued at $400,000 after purchasing an additional 543 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of PBF Energy in the 2nd quarter worth about $26,000. Finally, Farther Finance Advisors LLC grew its position in PBF Energy by 27.9% during 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 buying an additional 573 shares during the period. 96.29% of the stock is owned by institutional investors.

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.