PBF Energy Inc. (NYSE:PBF) Insider Buys $1,789,200.00 in Stock

Posted by Casey Walker on Jan 2nd, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital purchased 70,000 shares of PBF Energy stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $1,789,200.00. Following the transaction, the insider now directly owns 28,884,998 shares of the company’s stock, valued at approximately $738,300,548.88. This represents a 0.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Wednesday, December 18th, Control Empresarial De Capital purchased 341,500 shares of PBF Energy stock. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $9,172,690.00.
On Wednesday, December 4th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were acquired at an average cost of $30.82 per share, for a total transaction of $9,246,000.00.
On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.12 per share, for a total transaction of $6,068,400.00.
On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital bought 57,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.70 per share, for a total transaction of $1,806,900.00.
On Tuesday, November 19th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased 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 shares were purchased at an average price of $28.37 per share, for a total transaction of $2,411,450.00.
On Friday, November 1st, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.66 per share, for a total transaction of $4,299,000.00.
On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The stock was bought 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 purchased 75,000 shares of PBF Energy stock. The stock was bought at an average price of $31.58 per share, for a total transaction of $2,368,500.00.

PBF Energy Price Performance

Shares of NYSE PBF opened at $26.55 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65. The stock has a fifty day moving average price of $29.52 and a 200 day moving average price of $34.13. PBF Energy Inc. has a 1-year low of $24.21 and a 1-year high of $62.88. The company has a market cap of $3.06 billion, a PE ratio of -10.25 and a beta of 1.57.

PBF Energy (NYSE:PBF – Get Free Report) last issued its quarterly 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 company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business earned $6.61 earnings per share. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year. Sell-side analysts forecast that PBF Energy Inc. will post -2.87 EPS for the current year.

PBF Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 4.14%. PBF Energy’s dividend payout ratio (DPR) is currently -42.47%.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new stake in PBF Energy in the second quarter valued at $26,000. Quarry LP acquired a new stake in PBF Energy in the third quarter valued at $48,000. Harbor Capital Advisors Inc. acquired a new stake in PBF Energy in the third quarter valued at $59,000. Blue Trust Inc. lifted its holdings in PBF Energy by 1,291.1% in 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 during the period. Finally, Farther Finance Advisors LLC lifted its holdings 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 period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on PBF shares. Mizuho lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $33.00 to $31.00 in a research note on Monday, December 16th. StockNews.com lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered shares of 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 research note on Wednesday, October 2nd. Tudor Pickering upgraded shares of PBF Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets lowered shares of PBF Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $42.00 to $35.00 in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, PBF Energy presently has a consensus rating of “Hold” and a consensus price target of $32.45.

View Our Latest Stock Analysis on PBF

PBF Energy Company Profile

(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.