Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Buys $1,914,000.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital bought 110,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $17.40 per share, for a total transaction of $1,914,000.00. Following the completion of the purchase, the insider now directly owns 30,696,998 shares of the company’s stock, valued at $534,127,765.20. The trade was a 0.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 7th, Control Empresarial De Capital acquired 16,000 shares of PBF Energy stock. The stock was purchased at an average price of $13.88 per share, for a total transaction of $222,080.00.
• On Friday, March 28th, Control Empresarial De Capital bought 20,000 shares of PBF Energy stock. The stock was 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 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 acquired 150,000 shares of PBF Energy stock. The stock was 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 cost of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital purchased 46,000 shares of PBF Energy stock. The shares were acquired at an average cost 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 stock was bought at an average cost 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 bought at an average cost of $29.60 per share, for a total transaction of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Price Performance

PBF stock opened at $14.91 on Friday. The firm has a 50-day moving average of $21.31 and a two-hundred day moving average of $27.03. The firm has a market capitalization of $1.72 billion, a PE ratio of -3.16 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a one year low of $13.62 and a one year high of $60.98.

PBF Energy (NYSE:PBF) last issued its quarterly 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). PBF Energy had a negative net margin of 1.61% and a negative return on equity of 7.40%. The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.25 billion. On average, analysts forecast 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 given a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 7.38%. PBF Energy’s dividend payout ratio (DPR) is presently -23.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in PBF Energy by 83.4% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,699 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 2,137 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of PBF Energy by 80.4% in the 1st quarter. Parallel Advisors LLC now owns 2,434 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 1,085 shares during the period. GAMMA Investing LLC increased its holdings in shares of PBF Energy by 2,703.0% in the 1st quarter. GAMMA Investing LLC now owns 22,144 shares of the oil and gas company’s stock valued at $423,000 after purchasing an additional 21,354 shares during the period. Hara Capital LLC lifted its position in shares of PBF Energy by 7.8% in the fourth quarter. Hara Capital LLC now owns 545,595 shares of the oil and gas company’s stock worth $14,486,000 after purchasing an additional 39,278 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of PBF Energy during the fourth quarter worth approximately $254,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PBF shares. UBS Group lowered their price objective on shares of PBF Energy from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler dropped their price objective on PBF Energy from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, March 7th. The Goldman Sachs Group cut their price objective on PBF Energy from $28.00 to $23.00 and set a “neutral” rating for the company 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. Finally, Mizuho cut their price target on shares of PBF Energy from $28.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, April 1st. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.55.

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.