Control Empresarial De Capital Purchases 100,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

Posted by Martin Roberts on Jan 18th, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock in a transaction on Tuesday, January 14th. The stock was purchased at an average price of $28.62 per share, with a total value of $2,862,000.00. Following the transaction, the insider now directly owns 28,984,998 shares in the company, valued at approximately $829,550,642.76. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The stock was purchased at an average price of $25.56 per share, with a total value of $1,789,200.00.
On Wednesday, December 18th, Control Empresarial De Capital bought 341,500 shares of PBF Energy stock. The shares were bought at an average price of $26.86 per share, with a total value of $9,172,690.00.
On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were bought at an average price of $30.82 per share, with a total value of $9,246,000.00.
On Friday, November 29th, Control Empresarial De Capital bought 195,000 shares of PBF Energy stock. The shares were bought at an average price of $31.12 per share, with a total value of $6,068,400.00.
On Wednesday, November 27th, Control Empresarial De Capital bought 409,000 shares of PBF Energy stock. The shares were bought at an average price of $31.58 per share, with a total value of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital bought 57,000 shares of PBF Energy stock. The shares were bought at an average price of $31.70 per share, with a total value of $1,806,900.00.
On Tuesday, November 19th, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were bought at an average price of $31.28 per share, with a total value of $3,128,000.00.
On Tuesday, November 5th, Control Empresarial De Capital bought 85,000 shares of PBF Energy stock. The shares were bought at an average price of $28.37 per share, with a total value of $2,411,450.00.
On Friday, November 1st, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The shares were acquired at an average cost of $28.66 per share, with a total value of $4,299,000.00.
On Wednesday, October 30th, Control Empresarial De Capital purchased 300,000 shares of PBF Energy stock. The shares were acquired at an average cost of $29.01 per share, with a total value of $8,703,000.00.

PBF Energy Stock Up 1.8 %

Shares of PBF Energy stock opened at $31.03 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. PBF Energy Inc. has a 12 month low of $24.21 and a 12 month high of $62.88. The business has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $32.86. The stock has a market cap of $3.57 billion, a PE ratio of -11.98 and a beta of 1.61.

PBF Energy (NYSE:PBF – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.09). PBF Energy had a negative return on equity of 2.84% and a negative net margin of 0.84%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm earned $6.61 earnings per share. The firm’s revenue for the quarter was down 21.9% on a year-over-year basis. Research analysts predict that PBF Energy Inc. will post -2.95 EPS for the current year.

PBF Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, November 13th. This is a boost from PBF Energy’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.54%. PBF Energy’s payout ratio is -42.47%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBF shares. Wells Fargo & Company cut PBF Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $34.00 in a report on Monday, December 9th. Scotiabank dropped their price target on PBF Energy from $45.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. TD Cowen cut PBF Energy from a “hold” rating to a “sell” rating and dropped their price target for the company from $27.00 to $20.00 in a report on Friday, December 20th. The Goldman Sachs Group dropped their price target on PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on PBF Energy from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Seven analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, PBF Energy presently has an average rating of “Hold” and a consensus price target of $32.00.

View Our Latest Stock Report on PBF

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in PBF Energy by 246.5% during the second 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 in the last quarter. First Eagle Investment Management LLC lifted its holdings in PBF Energy by 28.7% during the second quarter. First Eagle Investment Management LLC now owns 294,117 shares of the oil and gas company’s stock worth $13,535,000 after acquiring an additional 65,600 shares in the last quarter. Intech Investment Management LLC bought a new position in PBF Energy during the second quarter worth about $798,000. Canada Pension Plan Investment Board lifted its holdings in PBF Energy by 346.6% during the second quarter. Canada Pension Plan Investment Board now owns 262,600 shares of the oil and gas company’s stock worth $12,085,000 after acquiring an additional 203,800 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in PBF Energy by 5.0% during the second quarter. King Luther Capital Management Corp now owns 29,213 shares of the oil and gas company’s stock worth $1,344,000 after acquiring an additional 1,402 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

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.