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 purchased 15,000 shares of PBF Energy stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $14.44 per share, for a total transaction of $216,600.00. Following the transaction, the insider now directly owns 30,774,998 shares in the company, valued at $444,390,971.12. This represents a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 9th, Control Empresarial De Capital bought 15,000 shares of PBF Energy stock. The shares were purchased at an average price of $13.98 per share, for a total transaction of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital purchased 16,000 shares of PBF Energy stock. The stock was purchased at an average price of $13.88 per share, with a total value of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital acquired 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 bought 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.
• On Monday, March 3rd, Control Empresarial De Capital purchased 155,000 shares of PBF Energy stock. The stock was acquired at an average price of $20.20 per share, for a total transaction of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital acquired 150,000 shares of PBF Energy stock. The shares were acquired at an average cost of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital bought 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $27.47 per share, with a total value of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The stock was bought at an average price of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were 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 bought 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.

PBF Energy Stock Performance

Shares of PBF opened at $15.18 on Friday. The stock has a market capitalization of $1.75 billion, a P/E ratio of -3.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 1.25. PBF Energy Inc. has a 1 year low of $13.62 and a 1 year high of $58.17. The company’s fifty day moving average is $19.92 and its two-hundred day moving average is $26.50.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.80) by ($1.02). The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. On average, sell-side analysts predict that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy’s dividend payout ratio (DPR) is -23.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PBF. 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 valued at $31,000 after acquiring an additional 1,056 shares during the period. Fifth Third Bancorp increased its holdings in shares of PBF Energy by 125.7% in the 1st quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of PBF Energy in the fourth quarter valued at about $61,000. Parallel Advisors LLC boosted its holdings in PBF Energy by 80.4% during the first quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock worth $46,000 after buying an additional 1,085 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company’s stock worth $65,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PBF. UBS Group decreased their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their target price on PBF Energy from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. TD Cowen cut their price target on PBF Energy from $19.00 to $17.00 and set a “sell” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on PBF Energy from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, Scotiabank cut their target price on shares of PBF Energy from $25.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Seven equities research 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, PBF Energy currently has an average 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.