PBF Energy Inc. Insider Stock Purchase Revealed

PBF Energy Inc. (NYSE:PBF) recently saw a significant insider transaction when Control Empresarial De Capital purchased 341,500 shares of the company's stock. This purchase occurred on December 18th, with the shares being acquired at an average price of $26.86 each, leading to a total investment of $9,172,690. Following this transaction, Control Empresarial De Capital now holds 28,814,998 shares in PBF Energy, which are valued at approximately $773,970,846.28. This acquisition represents a 1.20% increase in their ownership stake.

The details of the transaction were disclosed through a filing with the Securities and Exchange Commission, which can be accessed on the SEC's website.

Recent Trading Activity by Control Empresarial De Capital

Control Empresarial De Capital has been actively engaged in purchasing shares of PBF Energy over the past month. Some of the notable recent transactions include:

• On December 4th, 300,000 shares were purchased at an average price of $30.82, totaling $9,246,000.00.
• On November 29th, the acquisition of 195,000 shares occurred at an average cost of $31.12, amounting to $6,068,400.00.
• On November 27th, 409,000 shares were acquired at an average price of $31.58, leading to a total transaction value of $12,916,220.00.
• On November 25th, 57,000 shares were bought at an average cost of $31.70, totaling $1,806,900.00.
• On November 19th, 100,000 shares were purchased at an average of $31.28, for a total of $3,128,000.00.
• On November 5th, 85,000 shares were bought at $28.37 each, amounting to $2,411,450.00.
• On November 1st, an acquisition of 150,000 shares occurred at $28.66, totaling $4,299,000.00.
• On October 30th, Control Empresarial acquired 300,000 shares at an average of $29.01, amounting to $8,703,000.00.
• On October 28th, 75,000 shares were purchased at $31.58 each, for a total of $2,368,500.00.
• On October 23rd, 287,100 shares were acquired at an average price of $31.91, leading to a total transaction of $9,161,361.00.

Stock Performance Overview

As of mid-day trading on Friday, PBF Energy's stock was down 1.2%, trading at $25.15. The trading volume was recorded at 6,485,914 shares, significantly higher than the average volume of 2,175,057. With a market capitalization of $2.90 billion, PBF Energy's price-to-earnings ratio stands at -9.71, indicating the company's current challenges.

PBF Energy's Recent Financial Report

PBF Energy recently reported its quarterly earnings on October 31st, stating an earnings per share (EPS) of ($1.50), which fell short of the analysts' expectations of ($1.41) by $0.09. The company's revenue for the quarter reached $8.38 billion, exceeding the analyst projections of $8.27 billion. However, this reflects a 21.9% decline when compared to the same quarter of the previous year.

Dividend Increase Announced

PBF Energy has also announced an increase in its quarterly dividend, which was paid on November 27th. Shareholders of record on November 13th received a dividend of $0.275 per share, up from the previous $0.25. This represents an annualized dividend of $1.10 with a yield of 4.37%. The company's payout ratio is currently at -42.47%, indicating its challenge in generating profit.

Analysts Opinions and Price Targets

Several analysts have recently updated their ratings for PBF Energy. For instance, Bank of America set an "underperform" rating with a target price of $25.00. Meanwhile, BMO Capital Markets downgraded the stock from "outperform" to "market perform" while adjusting their target price from $42.00 to $35.00. Overall, PBF Energy has received mixed reviews from analysts, with a consensus price target of $32.45.

Institutional Investor Interest

The investment interest in PBF Energy has also seen changes, with various institutional investors adjusting their stakes. For example, National Bank of Canada FI established a new position valued at approximately $26,000, while Quarry LP acquired a stake worth about $48,000. As a result, institutional and hedge fund ownership now accounts for approximately 96.29% of the company's stock.

About PBF Energy Inc.

PBF Energy Inc. operates in the refining and supply of petroleum products, categorized into two segments: Refining and Logistics. The company produces various products, including gasoline, ultra-low-sulfur diesel, heating oil, and jet fuel, utilizing crude oil as its primary raw material.

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