Control Empresarial De Capital Purchases 15,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average price of $13.98 per share, with a total value of $209,700.00. Following the completion of the transaction, the insider now owns 30,757,998 shares of the company’s stock, valued at $429,996,812.04. The trade was a 0.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The shares were acquired at an average cost of $13.88 per share, with a total value of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital purchased 110,000 shares of PBF Energy stock. The stock was bought at an average cost of $17.40 per share, for a total transaction of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital acquired 20,000 shares of PBF Energy stock. The stock was purchased at an average price of $19.09 per share, for a total transaction of $381,800.00.
• On Monday, March 3rd, Control Empresarial De Capital bought 155,000 shares of PBF Energy stock. The shares were acquired at an average cost of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.70 per share, for a total transaction of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital acquired 40,000 shares of PBF Energy stock. The shares were purchased at an average cost of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital bought 46,000 shares of PBF Energy stock. The shares were acquired at an average price of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The stock was bought 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 acquired 100,000 shares of PBF Energy stock. The stock was purchased at an average cost 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 shares were bought at an average cost of $28.62 per share, for a total transaction of $2,862,000.00.

PBF Energy Price Performance

PBF Energy stock opened at $15.44 on Friday. The firm has a fifty day moving average of $21.02 and a 200-day moving average of $26.92. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $60.98. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.78 billion, a P/E ratio of -3.28 and a beta of 1.15.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($1.80) by ($1.02). The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.25 billion. PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. As a group, analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a yield of 7.13%. PBF Energy’s dividend payout ratio is presently -23.35%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in PBF Energy by 968.8% in the fourth quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 1,056 shares during the last quarter. Parallel Advisors LLC boosted its position in PBF Energy by 80.4% during the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 1,085 shares during the period. Golden State Wealth Management LLC acquired a new stake in PBF Energy in the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC boosted its holdings in shares of PBF Energy by 33.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 614 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in PBF Energy during the 4th quarter valued at $68,000. Institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PBF. The Goldman Sachs Group lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. TD Cowen lowered their target price on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their price objective on shares of PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Morgan Stanley cut their target price on shares of PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Finally, Scotiabank cut their price target on PBF Energy from $25.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday. Seven research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $24.18.

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.