PBF Energy Inc. (NYSE:PBF) Insider Acquires $216,600.00 in Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital purchased 15,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the completion of the transaction, the insider now directly owns 30,774,998 shares in the company, valued at approximately $444,390,971.12. The trade was a 0.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, April 9th, Control Empresarial De Capital purchased 15,000 shares of PBF Energy stock. The stock was purchased at an average cost of $13.98 per share, with a total value of $209,700.00.
• On Monday, April 7th, Control Empresarial De Capital acquired 16,000 shares of PBF Energy stock. The shares were purchased at an average cost of $13.88 per share, for a total transaction of $222,080.00.
• On Thursday, April 3rd, Control Empresarial De Capital bought 110,000 shares of PBF Energy stock. The stock was purchased at an average price of $17.40 per share, with a total value of $1,914,000.00.
• On Friday, March 28th, Control Empresarial De Capital purchased 20,000 shares of PBF Energy stock. The shares were acquired 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 acquired 155,000 shares of PBF Energy stock. The stock was acquired at an average price of $20.20 per share, with a total value of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital bought 150,000 shares of PBF Energy stock. The shares were acquired at an average price 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 stock was bought at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital acquired 46,000 shares of PBF Energy stock. The shares were bought at an average cost of $29.70 per share, with a total value of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital bought 60,000 shares of PBF Energy stock. The stock was purchased at an average cost of $29.29 per share, for a total transaction of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.60 per share, with a total value of $2,960,000.00.

PBF Energy Trading Down 2.3 %

NYSE:PBF traded down $0.35 during trading hours on Monday, hitting $14.93. The stock had a trading volume of 189,309 shares, compared to its average volume of 2,374,068. The business's 50 day moving average is $19.65 and its 200-day moving average is $26.30. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -3.18 and a beta of 1.15. PBF Energy Inc. has a one year low of $13.62 and a one year high of $58.17. 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 (NYSE:PBF - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) EPS for the quarter, missing analysts' consensus estimates of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.25 billion. Sell-side analysts anticipate that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend was Thursday, February 27th. PBF Energy's payout ratio is presently -23.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in PBF Energy by 150.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after buying an additional 1,272,254 shares during the last quarter. Norges Bank bought a new position in shares of PBF Energy in the 4th quarter valued at about $20,896,000. Recurrent Investment Advisors LLC increased its position in shares of PBF Energy by 154.0% in the fourth quarter. Recurrent Investment Advisors LLC now owns 945,239 shares of the oil and gas company's stock valued at $25,096,000 after acquiring an additional 573,161 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after acquiring an additional 562,287 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in PBF Energy by 2,119.6% during the fourth quarter. Van ECK Associates Corp now owns 411,307 shares of the oil and gas company's stock worth $10,920,000 after acquiring an additional 392,776 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PBF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Wells Fargo & Company cut their price objective 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. Mizuho reduced their price objective on PBF Energy from $28.00 to $22.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. UBS Group cut their price target on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley decreased their price objective on shares of PBF Energy from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, PBF Energy currently has a consensus rating of "Hold" and an average price target of $24.18.

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.