PBF Energy Inc. (NYSE:PBF) Insider Buys $872,515.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 48,500 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $17.99 per share, with a total value of $872,515.00. Following the acquisition, the insider now owns 30,823,498 shares in the company, valued at $554,514,729.02. The trade was a 0.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, April 15th, Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock. The stock was bought at an average price of $14.44 per share, with a total value of $216,600.00.
• On Wednesday, April 9th, Control Empresarial De Capital acquired 15,000 shares of PBF Energy stock. The shares were bought at an average cost of $13.98 per share, for a total transaction of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The shares were purchased at an average cost of $13.88 per share, for a total transaction of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital bought 110,000 shares of PBF Energy stock. The stock was purchased at an average price of $17.40 per share, for a total transaction of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital purchased 20,000 shares of PBF Energy stock. The shares were purchased at an average price of $19.09 per share, with a total value of $381,800.00.

PBF Energy Stock Up 3.6%

NYSE:PBF traded up $0.66 during trading hours on Monday, hitting $19.02. The company’s stock had a trading volume of 2,330,247 shares, compared to its average volume of 2,555,169. The stock has a fifty day moving average of $17.96 and a 200-day moving average of $23.28. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.20 billion, a P/E ratio of -4.04 and a beta of 0.82. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $48.20.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.50) by $0.41. The firm had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, equities analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Thursday, May 15th. PBF Energy’s dividend payout ratio (DPR) is presently -12.09%.

Analyst Ratings Changes

Several brokerages have weighed in on PBF. Wells Fargo & Company lowered their target price on shares of PBF Energy from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. UBS Group raised shares of PBF Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $26.00 in a research report on Tuesday, May 13th. Scotiabank dropped their target price on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. TD Cowen decreased their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their price objective on PBF Energy from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.91.

Hedge Funds Weigh In On PBF Energy

A number of large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of PBF Energy by 170.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,728,843 shares of the oil and gas company’s stock valued at $109,364,000 after buying an additional 3,612,447 shares in the last quarter. Norges Bank acquired a new stake in PBF Energy in the fourth quarter valued at $20,896,000. Nuveen LLC purchased a new stake in shares of PBF Energy during the 1st quarter worth $13,600,000. Deutsche Bank AG increased its holdings in shares of PBF Energy by 697.2% in the 1st quarter. Deutsche Bank AG now owns 784,515 shares of the oil and gas company’s stock valued at $14,976,000 after purchasing an additional 686,103 shares in the last quarter. Finally, Recurrent Investment Advisors LLC lifted its stake in shares of PBF Energy by 154.0% in the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company’s stock valued at $25,096,000 after purchasing an additional 573,161 shares during the period. Hedge funds and other institutional investors own 96.29% of the company’s stock.

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.