PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital acquired 55,000 shares of PBF Energy stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $1,696,750.00. Following the completion of the purchase, the insider now directly owns 23,462,398 shares of the company's stock, valued at $723,814,978.30. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were purchased at an average cost of $30.93 per share, for a total transaction of $1,237,200.00.
- On Monday, September 23rd, Control Empresarial De Capital purchased 265,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.87 per share, for a total transaction of $8,445,550.00.
- On Friday, September 20th, Control Empresarial De Capital purchased 250,000 shares of PBF Energy stock. The shares were purchased at an average cost of $31.78 per share, for a total transaction of $7,945,000.00.
- On Wednesday, September 11th, Control Empresarial De Capital purchased 670,000 shares of PBF Energy stock. The shares were acquired at an average price of $31.29 per share, for a total transaction of $20,964,300.00.
- On Thursday, September 5th, Control Empresarial De Capital bought 805,300 shares of PBF Energy stock. The shares were bought at an average cost of $32.62 per share, for a total transaction of $26,268,886.00.
- On Tuesday, September 3rd, Control Empresarial De Capital bought 510,000 shares of PBF Energy stock. The shares were purchased at an average cost of $33.18 per share, with a total value of $16,921,800.00.
- On Monday, August 5th, Control Empresarial De Capital bought 50,000 shares of PBF Energy stock. The shares were purchased at an average cost of $35.60 per share, with a total value of $1,780,000.00.
- On Thursday, August 1st, Control Empresarial De Capital purchased 307,000 shares of PBF Energy stock. The shares were acquired at an average price of $39.22 per share, for a total transaction of $12,040,540.00.
PBF Energy Price Performance
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Shares of NYSE:PBF opened at $31.20 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $34.42 and its two-hundred day simple moving average is $44.41. PBF Energy Inc. has a 1-year low of $30.17 and a 1-year high of $62.88. The stock has a market cap of $3.66 billion, a PE ratio of 2.16 and a beta of 1.56.
PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.39). PBF Energy had a net margin of 2.09% and a return on equity of 12.81%. The business had revenue of $8.74 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts forecast that PBF Energy Inc. will post 0.35 EPS for the current fiscal year.
PBF Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Thursday, August 15th. PBF Energy's dividend payout ratio is presently 6.92%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on PBF shares. Tudor Pickering upgraded PBF Energy to a "strong sell" rating in a report on Monday, September 9th. Mizuho cut their price target on PBF Energy from $48.00 to $42.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group cut their price target on PBF Energy from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, July 1st. JPMorgan Chase & Co. cut PBF Energy from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $53.00 to $40.00 in a report on Wednesday. Finally, Scotiabank cut their price target on PBF Energy from $56.00 to $45.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, PBF Energy currently has an average rating of "Hold" and an average price target of $46.73.
Check Out Our Latest Analysis on PBF Energy
Institutional Investors Weigh In On PBF Energy
Several large investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its holdings in PBF Energy by 10.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company's stock worth $105,000 after acquiring an additional 172 shares during the last quarter. GAMMA Investing LLC boosted its stake in PBF Energy by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 224 shares during the period. Retirement Systems of Alabama boosted its stake in PBF Energy by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 136,573 shares of the oil and gas company's stock worth $7,863,000 after purchasing an additional 359 shares during the period. US Bancorp DE boosted its stake in PBF Energy by 5.3% in the 1st quarter. US Bancorp DE now owns 7,852 shares of the oil and gas company's stock worth $452,000 after purchasing an additional 395 shares during the period. Finally, Rise Advisors LLC bought a new position in PBF Energy in the 1st quarter worth about $27,000. Hedge funds and other institutional investors own 96.29% of the company's stock.
About PBF Energy
(
Get Free Report)
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.
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