Insider Buying: PBF Energy Inc. (NYSE:PBF) Insider Acquires 46,000 Shares of Stock

Posted by Brian Himes on Feb 3rd, 2025

PBF Energy Inc. (NYSE:PBF – Get Free Report) insider Control Empresarial De Capital acquired 46,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were bought at an average cost of $29.70 per share, for a total transaction of $1,366,200.00. Following the completion of the acquisition, the insider now directly owns 29,190,998 shares of the company’s stock, valued at approximately $866,972,640.60. The trade was a 0.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Tuesday, January 28th, Control Empresarial De Capital purchased 60,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.29 per share, with a total value of $1,757,400.00.
On Wednesday, January 22nd, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The stock was purchased at an average price of $29.60 per share, with a total value of $2,960,000.00.
On Tuesday, January 14th, Control Empresarial De Capital purchased 100,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.62 per share, for a total transaction of $2,862,000.00.
On Thursday, December 26th, Control Empresarial De Capital acquired 70,000 shares of PBF Energy stock. The shares were acquired 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 acquired 341,500 shares of PBF Energy stock. The stock was acquired at an average price of $26.86 per share, for a total transaction of $9,172,690.00.
On Wednesday, December 4th, Control Empresarial De Capital bought 300,000 shares of PBF Energy stock. The shares were acquired 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 acquired 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 stock was bought at an average price of $31.58 per share, for a total transaction of $12,916,220.00.
On Monday, November 25th, Control Empresarial De Capital purchased 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 acquired 100,000 shares of PBF Energy stock. The stock was bought at an average price of $31.28 per share, for a total transaction of $3,128,000.00.

PBF Energy Trading Down 5.3 %

Shares of PBF traded down $1.54 during mid-day trading on Monday, reaching $27.72. The stock had a trading volume of 2,678,919 shares, compared to its average volume of 2,049,035. PBF Energy Inc. has a 52-week low of $24.21 and a 52-week high of $62.88. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -10.70 and a beta of 1.60. The business’s fifty day moving average is $28.94 and its 200 day moving average is $31.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 0.65.

PBF Energy (NYSE:PBF – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.09). The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PBF Energy had a negative net margin of 0.84% and a negative return on equity of 2.84%. The business’s quarterly revenue was down 21.9% on a year-over-year basis. During the same period last year, the company earned $6.61 EPS. On average, sell-side analysts predict that PBF Energy Inc. will post -3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On PBF Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBF. Creative Planning grew its holdings in shares of PBF Energy by 7.0% during the 2nd quarter. Creative Planning now owns 17,895 shares of the oil and gas company’s stock worth $824,000 after purchasing an additional 1,165 shares during the period. Sanctuary Advisors LLC purchased a new position in PBF Energy during the second quarter worth about $1,176,000. Wedge Capital Management L L P NC increased its position in shares of PBF Energy by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 33,551 shares of the oil and gas company’s stock valued at $1,038,000 after acquiring an additional 3,083 shares during the last quarter. Bfsg LLC increased its position in shares of PBF Energy by 23.5% during the third quarter. Bfsg LLC now owns 7,120 shares of the oil and gas company’s stock valued at $220,000 after acquiring an additional 1,354 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of PBF Energy by 48.3% in the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the oil and gas company’s stock valued at $266,000 after acquiring an additional 2,800 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of PBF Energy from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. TD Cowen downgraded shares of PBF Energy from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $27.00 to $20.00 in a research report on Friday, December 20th. Bank of America assumed coverage on PBF Energy in a research report on Thursday, October 17th. They set an “underperform” rating and a $25.00 target price on the stock. Wells Fargo & Company downgraded PBF Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $34.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price objective on PBF Energy from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Seven analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.00.

View Our Latest Stock Analysis on PBF

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.