PBF Energy Inc. (NYSE:PBF) Insider Control Empresarial De Capital Buys 48,500 Shares of Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital purchased 48,500 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $872,515.00. Following the purchase, the insider now owns 30,823,498 shares in the company, valued at $554,514,729.02. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 bought 15,000 shares of PBF Energy stock. The stock was purchased 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 purchased 15,000 shares of PBF Energy stock. The shares were acquired 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 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 acquired 110,000 shares of PBF Energy stock. The stock was acquired 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 bought 20,000 shares of PBF Energy stock. The stock was acquired at an average price of $19.09 per share, with a total value of $381,800.00.

PBF Energy Trading Down 1.6%

Shares of PBF Energy stock traded down $0.33 during trading on Thursday, reaching $20.84. 1,764,130 shares of the company were exchanged, compared to its average volume of 2,575,705. The business has a 50-day moving average price of $18.15 and a 200-day moving average price of $23.15. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -4.42 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 0.26. PBF Energy Inc. has a twelve month low of $13.62 and a twelve month high of $48.20.

PBF Energy (NYSE:PBF - Get Free Report) last posted its earnings results on Thursday, May 1st. The oil and gas company reported ($3.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.50) by $0.41. The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.27 billion. PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The company's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. Sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Thursday, May 15th. PBF Energy's dividend payout ratio is currently -12.09%.

Institutional Investors Weigh In On PBF Energy

Several hedge funds have recently bought and sold shares of PBF. Fifth Third Bancorp increased its position 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 buying an additional 803 shares in the last quarter. Allworth Financial LP grew its stake in PBF Energy by 194.3% in the first quarter. Allworth Financial LP now owns 1,651 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 1,090 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in PBF Energy in the first quarter valued at about $35,000. Neo Ivy Capital Management bought a new stake in shares of PBF Energy in the first quarter worth about $37,000. Finally, Activest Wealth Management raised its position in shares of PBF Energy by 199,900.0% during the first quarter. Activest Wealth Management now owns 2,000 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 1,999 shares during the period. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PBF. Mizuho upped their price target on shares of PBF Energy from $22.00 to $23.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Morgan Stanley reduced their target price on shares of PBF Energy from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Scotiabank lowered their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Piper Sandler reduced their price objective on PBF Energy from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, PBF Energy has an average rating of "Hold" and a consensus price target of $23.18.

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.