Control Empresarial De Capital Purchases 60,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

Posted by Joseph Casey on Jan 31st, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital purchased 60,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of $29.29 per share, for a total transaction of $1,757,400.00. Following the completion of the transaction, the insider now directly owns 29,144,998 shares in the company, valued at approximately $853,656,991.42. This trade represents a 0.21 % increase in their position. The acquisition 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, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $29.60 per share, for a total transaction of $2,960,000.00.
On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $28.62 per share, with a total value of $2,862,000.00.
On Thursday, December 26th, Control Empresarial De Capital bought 70,000 shares of PBF Energy stock. The stock was acquired at an average price of $25.56 per share, for a total transaction of $1,789,200.00.
On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The stock was bought at an average price 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 stock was bought at an average price of $30.82 per share, with a total value of $9,246,000.00.
On Friday, November 29th, Control Empresarial De Capital purchased 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 cost of $31.58 per share, for a total transaction of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital acquired 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 bought 100,000 shares of PBF Energy stock. The stock was acquired 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 purchased 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.

PBF Energy Stock Performance

PBF Energy stock traded down $0.34 during mid-day trading on Thursday, reaching $30.11. The company had a trading volume of 1,673,539 shares, compared to its average volume of 2,050,765. PBF Energy Inc. has a 52 week low of $24.21 and a 52 week high of $62.88. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -11.63 and a beta of 1.61. The company has a 50 day moving average of $29.04 and a 200-day moving average of $32.07. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21.

PBF Energy (NYSE:PBF – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The company’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same period last year, the firm earned $6.61 EPS. On average, sell-side analysts expect that PBF Energy Inc. will post -3.5 EPS for the current fiscal year.

Institutional Trading of PBF Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in PBF Energy by 2,119.6% during the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock valued at $10,920,000 after purchasing an additional 392,776 shares in the last quarter. Leavell Investment Management Inc. raised its stake in PBF Energy by 6.8% during the fourth quarter. Leavell Investment Management Inc. now owns 16,840 shares of the oil and gas company’s stock worth $447,000 after acquiring an additional 1,070 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of PBF Energy during the fourth quarter valued at $61,000. Private Management Group Inc. grew its holdings in shares of PBF Energy by 24.6% in the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock worth $28,071,000 after purchasing an additional 208,599 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of PBF Energy by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 40,836 shares of the oil and gas company’s stock worth $1,084,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PBF shares. The Goldman Sachs Group cut their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Bank of America began coverage on PBF Energy in a research note on Thursday, October 17th. They issued an “underperform” rating and a $25.00 target price on the stock. Mizuho lowered PBF Energy from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $33.00 to $31.00 in a report on Monday, December 16th. TD Cowen downgraded PBF Energy from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $27.00 to $20.00 in a report on Friday, December 20th. Finally, Wells Fargo & Company cut shares of PBF Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $39.00 to $34.00 in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Read Our Latest Stock Analysis on PBF Energy

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.