PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital purchased 1,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $31.75 per share, with a total value of $31,750,000.00. Following the completion of the transaction, the insider now owns 24,462,398 shares in the company, valued at $776,681,136.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, September 30th, Control Empresarial De Capital bought 55,000 shares of PBF Energy stock. The stock was bought at an average price of $30.85 per share, with a total value of $1,696,750.00.
- On Wednesday, September 25th, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were bought 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 acquired 265,000 shares of PBF Energy stock. The shares were purchased at an average price 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, with a total value of $7,945,000.00.
- On Wednesday, September 11th, Control Empresarial De Capital acquired 670,000 shares of PBF Energy stock. The stock was purchased 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 acquired at an average price of $32.62 per share, with a total value of $26,268,886.00.
- On Tuesday, September 3rd, Control Empresarial De Capital purchased 510,000 shares of PBF Energy stock. The stock was acquired at an average price of $33.18 per share, for a total transaction of $16,921,800.00.
- On Monday, August 5th, Control Empresarial De Capital acquired 50,000 shares of PBF Energy stock. The shares were acquired at an average price of $35.60 per share, for a total transaction of $1,780,000.00.
- On Thursday, August 1st, Control Empresarial De Capital bought 307,000 shares of PBF Energy stock. The stock was acquired at an average cost of $39.22 per share, for a total transaction of $12,040,540.00.
PBF Energy Trading Up 3.8 %
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Shares of PBF stock opened at $33.62 on Friday. PBF Energy Inc. has a 1 year low of $30.17 and a 1 year high of $62.88. The firm has a market capitalization of $3.99 billion, a PE ratio of 2.33 and a beta of 1.55. The stock has a fifty day moving average of $33.19 and a two-hundred day moving average of $42.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 1.42.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.39). The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $8.64 billion. PBF Energy had a return on equity of 12.81% and a net margin of 2.09%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 EPS. As a group, research analysts expect that PBF Energy Inc. will post -0.05 EPS for the current year.
PBF Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, August 15th. PBF Energy's dividend payout ratio (DPR) is presently 6.92%.
Hedge Funds Weigh In On PBF Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in PBF Energy by 957.8% during the first quarter. Janus Henderson Group PLC now owns 604,674 shares of the oil and gas company's stock worth $34,811,000 after acquiring an additional 547,509 shares during the period. SG Americas Securities LLC boosted its stake in shares of PBF Energy by 14,785.7% during 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 acquiring an additional 539,381 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of PBF Energy by 246.5% in the 2nd quarter. Hsbc Holdings PLC now owns 499,456 shares of the oil and gas company's stock worth $22,881,000 after acquiring an additional 355,329 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of PBF Energy by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,401,667 shares of the oil and gas company's stock worth $64,489,000 after acquiring an additional 347,268 shares during the last quarter. Finally, Natixis purchased a new stake in shares of PBF Energy during the first quarter valued at $16,269,000. 96.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PBF shares. Wolfe Research initiated coverage on shares of PBF Energy in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. UBS Group cut their target price on shares of PBF Energy from $57.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets downgraded PBF Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $42.00 to $35.00 in a research note on Friday, October 4th. Scotiabank cut their price objective on PBF Energy from $45.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. Finally, Piper Sandler lowered PBF Energy from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $47.00 to $25.00 in a research report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, PBF Energy currently has an average rating of "Hold" and an average target price of $36.09.
Get Our Latest Stock Report on PBF Energy
PBF Energy Company Profile
(
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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