Control Empresarial De Capital Purchases 46,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 46,000 shares of PBF Energy stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $29.70 per share, for a total transaction of $1,366,200.00. Following the completion of the acquisition, the insider now directly owns 29,190,998 shares of the company’s stock, valued at approximately $866,972,640.60. The trade was a 0.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, January 28th, Control Empresarial De Capital purchased 60,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
• On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were acquired at an average price of $25.56 per share, with a total value of $1,789,200.00.
• On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The shares were acquired 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 acquired 195,000 shares of PBF Energy stock. The shares were bought 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 stock was bought at an average price of $31.58 per share, with a total value of $12,916,220.00.
• On Monday, November 25th, Control Empresarial De Capital purchased 57,000 shares of PBF Energy stock. The shares were bought 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 acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.28 per share, with a total value of $3,128,000.00.

PBF Energy Stock Down 5.3 %

PBF Energy stock traded down $1.54 during mid-day trading on Monday, reaching $27.72. 2,678,919 shares of the company were exchanged, compared to its average volume of 2,049,035. PBF Energy Inc. has a 12-month low of $24.21 and a 12-month high of $62.88. The business has a fifty day moving average of $28.94 and a 200 day moving average of $31.87. The firm has a market cap of $3.19 billion, a P/E ratio of -10.70 and a beta of 1.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 1.34.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data 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 company had revenue of $8.38 billion for 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%. PBF Energy’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $6.61 EPS. Research analysts anticipate that PBF Energy Inc. will post -3.75 earnings per share for the current fiscal year.

Institutional Trading of PBF Energy

A number of institutional investors have recently modified their holdings of PBF. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in PBF Energy by 391.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,540,000 shares of the oil and gas company’s stock valued at $47,663,000 after acquiring an additional 1,226,909 shares in the last quarter. Private Management Group Inc. lifted its holdings in shares of PBF Energy by 24.6% during the 4th quarter. Private Management Group Inc. now owns 1,057,295 shares of the oil and gas company’s stock valued at $28,071,000 after purchasing an additional 208,599 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of PBF Energy by 132.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 863,228 shares of the oil and gas company’s stock worth $26,717,000 after purchasing an additional 492,053 shares in the last quarter. Hara Capital LLC grew its stake in PBF Energy by 8.5% during the 4th quarter. Hara Capital LLC now owns 549,390 shares of the oil and gas company’s stock worth $14,586,000 after buying an additional 43,073 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in PBF Energy by 2,119.6% during the 4th quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company’s stock worth $10,920,000 after buying an additional 392,776 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and cut their target price for the company from $27.00 to $20.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. decreased their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $34.00 in a research report on Monday, December 9th. Finally, Mizuho downgraded PBF Energy from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $33.00 to $31.00 in a research report on Monday, December 16th. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.00.

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.