PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Purchases 7,500 Shares

PBF Energy Inc. (NYSE:PBFGet Free Report) insider Control Empresarial De Capital acquired 7,500 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $45.65 per share, with a total value of $342,375.00. Following the completion of the purchase, the insider now directly owns 14,882,698 shares of the company’s stock, valued at approximately $679,395,163.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, June 7th, Control Empresarial De Capital bought 51,000 shares of PBF Energy stock. The shares were purchased at an average price of $46.19 per share, with a total value of $2,355,690.00.
  • On Wednesday, June 5th, Control Empresarial De Capital purchased 200,000 shares of PBF Energy stock. The shares were acquired at an average price of $45.37 per share, for a total transaction of $9,074,000.00.
  • On Monday, June 3rd, Control Empresarial De Capital acquired 84,000 shares of PBF Energy stock. The stock was acquired at an average cost of $44.96 per share, with a total value of $3,776,640.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $44.96 on Friday. The stock’s 50-day simple moving average is $51.79 and its 200-day simple moving average is $49.34. The firm has a market capitalization of $5.33 billion, a PE ratio of 3.11 and a beta of 1.63. PBF Energy Inc. has a fifty-two week low of $38.63 and a fifty-two week high of $62.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.54.

PBF Energy (NYSE:PBFGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. PBF Energy had a net margin of 4.95% and a return on equity of 18.47%. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. As a group, equities research analysts forecast that PBF Energy Inc. will post 7.19 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, May 15th. PBF Energy’s dividend payout ratio (DPR) is currently 6.92%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PBF. Mizuho downgraded shares of PBF Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $53.00 to $58.00 in a research note on Friday, March 22nd. Wells Fargo & Company cut their price objective on PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Piper Sandler decreased their target price on PBF Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, May 14th. Scotiabank upped their price target on PBF Energy from $39.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, TD Cowen decreased their price objective on PBF Energy from $54.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.82.

View Our Latest Research Report on PBF

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in PBF Energy by 26.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,401,093 shares of the oil and gas company’s stock worth $75,001,000 after buying an additional 291,284 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of PBF Energy by 2.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,427 shares of the oil and gas company’s stock valued at $986,000 after buying an additional 514 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of PBF Energy by 139.2% in the third quarter. HighTower Advisors LLC now owns 60,347 shares of the oil and gas company’s stock valued at $3,228,000 after buying an additional 35,117 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of PBF Energy by 21.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,530 shares of the oil and gas company’s stock worth $1,206,000 after buying an additional 3,929 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of PBF Energy during the third quarter worth about $101,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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