PBF Energy Inc. Insider Control Empresarial De Capital Purchases 341,500 Shares

PBF Energy Inc. (NYSE:PBF) has seen significant insider activity as Control Empresarial De Capital acquired 341,500 shares of the company’s stock on December 18th. These shares were purchased at an average price of $26.86, leading to a total expenditure of approximately $9,172,690. Following this acquisition, Control Empresarial De Capital now holds a total of 28,814,998 shares in PBF Energy, which is valued at about $773,970,846.28. This transaction marks a 1.20% increase in their ownership stake in the company. Details of this purchase were filed with the Securities and Exchange Commission (SEC), making the information publicly available.

Control Empresarial De Capital's recent trades include multiple purchases over the past months:

• On December 4th, they bought 300,000 shares at an average price of $30.82, totaling $9,246,000.
• On November 29th, 195,000 shares were acquired at an average price of $31.12, amounting to $6,068,400.
• On November 27th, they purchased 409,000 shares at an average cost of $31.58, costing $12,916,220.
• On November 25th, they acquired 57,000 shares at $31.70, for a total of $1,806,900.
• On November 19th, Control Empresarial De Capital purchased 100,000 shares at an average price of $31.28, totaling $3,128,000.
• Additional purchases include 85,000 shares at $28.37 on November 5th and 150,000 shares at $28.66 on November 1st.
• Earlier in October, they acquired 300,000 shares at $29.01 and 75,000 shares at $31.58, among other transactions.

PBF Energy Stock Overview

As of the recent market evaluation, PBF Energy shares opened at $25.15. The company shows a current ratio of 1.34, a quick ratio of 0.65, and a low debt-to-equity ratio of 0.21, reflecting stable financial health. PBF Energy has a market capitalization of $2.90 billion, with a price-to-earnings (P/E) ratio of -9.71 and a beta of 1.57. Notably, the stock's price fluctuated significantly in the past year, with a low of $24.21 and a peak of $62.88.

PBF Energy's last quarterly earnings report was released on October 31st, revealing a loss of $1.50 per share, slightly below the analysts’ predictions of a loss of $1.41 per share. The company reported revenues of $8.38 billion for the quarter, surpassing the $8.27 billion anticipated by analysts. Year-over-year, revenue saw a decline of 21.9%, down from $6.61 EPS during the same quarter last year. Projections indicate that PBF Energy Inc. might have an EPS of -2.87 for the current fiscal year.

Increasing Dividend

Recently, PBF Energy announced a quarterly dividend that was paid on November 27th. Shareholders who were on record as of November 13th received a dividend of $0.275, marking an annualized dividend of $1.10 with a yield of 4.37%. This dividend reflects an increase from the previous quarterly amount of $0.25, although the payout ratio stands at -42.47%.

Institutional Investments in PBF Energy

In recent months, various institutional investors have adjusted their stakes in PBF Energy. For example, the National Bank of Canada FI entered a position valued at around $26,000, while Quarry LP and Harbor Capital Advisors made similar moves, acquiring stakes of approximately $48,000 and $59,000 respectively. Blue Trust Inc. significantly increased its holdings by 1,291.1%, holding now 2,184 shares valued at $68,000. Furthermore, Farther Finance Advisors LLC raised their stake by 27.9%, now owning 2,626 shares valued at $81,000. Overall, institutional investors and hedge funds control about 96.29% of the company’s stock.

Wall Street Analyst Ratings

Analysts have mixed views on PBF Energy. The Goldman Sachs Group recently adjusted their target price from $38.00 to $34.00, rating PBF shares as “neutral.” Morgan Stanley and Wells Fargo also lowered their target prices and altered their ratings. Specifically, five analysts currently rate the stock as a sell, while nine have assigned a hold rating. The average analyst rating for PBF Energy stands at “Hold” with a price target of $32.45, according to data sourced from MarketBeat.

About PBF Energy

PBF Energy Inc., through its subsidiaries, engages primarily in refining and supplying petroleum products. The company operates in two segments: Refining and Logistics. Its product offerings include gasoline, heating oil, diesel fuel, jet fuel, lubricants, and other petroleum products derived from crude oil.

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