PBF Energy Inc. (NYSE:PBF) Insider Acquires $342,375.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $45.65 per share, for a total transaction of $342,375.00. Following the purchase, the insider now directly owns 14,882,698 shares in the company, valued at approximately $679,395,163.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 7th, Control Empresarial De Capital acquired 51,000 shares of PBF Energy stock. The shares were bought at an average cost of $46.19 per share, with a total value of $2,355,690.00.
• On Wednesday, June 5th, Control Empresarial De Capital bought 200,000 shares of PBF Energy stock. The shares were bought at an average cost of $45.37 per share, with a total value of $9,074,000.00.
• On Monday, June 3rd, Control Empresarial De Capital purchased 84,000 shares of PBF Energy stock. The stock was bought at an average price of $44.96 per share, for a total transaction of $3,776,640.00.

PBF Energy Trading Up 0.9 %

Shares of NYSE PBF traded up $0.42 during trading hours on Tuesday, reaching $46.09. The stock had a trading volume of 1,511,176 shares, compared to its average volume of 2,054,561. PBF Energy Inc. has a 52-week low of $38.63 and a 52-week high of $62.88. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 3.19 and a beta of 1.63. The business’s fifty day moving average price is $52.72 and its two-hundred day moving average price is $49.40. The company has a current ratio of 1.54, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20.

PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.24. The business had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.29 billion. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. Analysts expect that PBF Energy Inc. will post 7.19 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. PBF Energy’s dividend payout ratio is currently 6.92%.

Hedge Funds Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently modified their holdings of PBF. Norges Bank bought a new stake in PBF Energy during the fourth quarter valued at about $54,832,000. Acadian Asset Management LLC boosted its holdings in shares of PBF Energy by 1,112.3% in the 3rd quarter. Acadian Asset Management LLC now owns 966,324 shares of the oil and gas company’s stock valued at $51,718,000 after buying an additional 886,617 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of PBF Energy by 957.8% in the 1st quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company’s stock valued at $34,811,000 after buying an additional 547,509 shares in the last quarter. SG Americas Securities LLC grew its position in shares of PBF Energy by 14,785.7% in the 1st quarter. SG Americas Securities LLC now owns 543,029 shares of the oil and gas company’s stock worth $31,262,000 after buying an additional 539,381 shares during the last quarter. Finally, FMR LLC raised its stake in shares of PBF Energy by 91.3% during the 3rd quarter. FMR LLC now owns 904,537 shares of the oil and gas company’s stock worth $48,420,000 after acquiring an additional 431,801 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PBF shares. Piper Sandler decreased their target price on PBF Energy from $61.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 14th. Wells Fargo & Company lowered their price objective on shares of PBF Energy from $67.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Scotiabank increased their price target on shares of PBF Energy from $39.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on PBF Energy from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, Mizuho lowered PBF Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $53.00 to $58.00 in a research note on Friday, March 22nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.82.

About PBF Energy

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.