PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital bought 15,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $14.44 per share, for a total transaction of $216,600.00. Following the acquisition, the insider now directly owns 30,774,998 shares in the company, valued at $444,390,971.12. This trade represents a 0.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing 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 acquired 15,000 shares of PBF Energy stock. The shares were bought at an average cost of $13.98 per share, for a total transaction of $209,700.00.
- On Monday, April 7th, Control Empresarial De Capital bought 16,000 shares of PBF Energy stock. The stock was bought at an average price of $13.88 per share, with a total value of $222,080.00.
- On Thursday, April 3rd, Control Empresarial De Capital purchased 110,000 shares of PBF Energy stock. The stock was bought 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 purchased 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 purchased 155,000 shares of PBF Energy stock. The stock was purchased at an average cost 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 stock was acquired at an average price of $28.70 per share, with a total value of $4,305,000.00.
- On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were acquired 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 stock was acquired 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 shares were acquired 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 stock was bought at an average cost of $29.60 per share, with a total value of $2,960,000.00.
PBF Energy Trading Up 2.8 %
Shares of PBF Energy stock opened at $14.84 on Thursday. The company's fifty day moving average price is $20.19 and its two-hundred day moving average price is $26.61. The firm has a market capitalization of $1.71 billion, a PE ratio of -3.15 and a beta of 1.15. PBF Energy Inc. has a 52-week low of $13.62 and a 52-week high of $58.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 0.54.
PBF Energy (NYSE:PBF - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $7.25 billion. On average, analysts expect that PBF Energy Inc. will post -1.12 EPS for the current year.
PBF Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 annualized dividend and a dividend yield of 7.41%. PBF Energy's dividend payout ratio is presently -23.35%.
Institutional Investors Weigh In On PBF Energy
A number of hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of PBF Energy by 125.7% during the first quarter. Fifth Third Bancorp now owns 1,442 shares of the oil and gas company's stock worth $28,000 after buying an additional 803 shares in the last quarter. Fortitude Family Office LLC increased its holdings in PBF Energy by 968.8% during the 4th quarter. Fortitude Family Office LLC now owns 1,165 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 1,056 shares in the last quarter. Parallel Advisors LLC increased its holdings in PBF Energy by 80.4% during 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in PBF Energy in the fourth quarter worth $61,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of PBF Energy by 33.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,463 shares of the oil and gas company's stock worth $65,000 after purchasing an additional 614 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their price objective on PBF Energy from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Mizuho reduced their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of PBF Energy from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. TD Cowen dropped their target price on shares of PBF Energy from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, March 11th. Finally, Piper Sandler decreased their price target on shares of PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, March 7th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, PBF Energy presently has an average rating of "Hold" and a consensus target price of $24.18.
View 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
