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Control Empresarial de Capitales S.A. de C.V., a major shareholder in PBF Energy Inc. (NYSE:PBF), has increased its stake in the company. According to a recent SEC filing, the firm purchased 40,000 Class A Common Shares on February 3, 2025, at a weighted average price of approximately $27.47 per share. This transaction amounted to a total investment of roughly $1.1 million. Following this acquisition, Control Empresarial now holds 29,355,998 shares in PBF Energy, showing confidence in the $3.4 billion market cap company that currently trades at just 0.59 times book value and offers a 3.7% dividend yield. The stock has gained nearly 12% year-to-date, outperforming broader market indices. InvestingPro analysis reveals several additional insights about PBF Energy’s valuation and insider activity patterns, with 10+ exclusive ProTips available for subscribers.
In other recent news, PBF Energy has been the subject of several analysts’ revisions. Citi lowered its price target from $37 to $32, maintaining a Neutral rating, ahead of the company’s fourth-quarter earnings report. The firm forecasts a decrease in share repurchases and an earnings per share (EPS) loss of $3.26, citing challenging conditions in the refining sector.
Mizuho (NYSE:MFG) Securities also reduced its price target from $31 to $28 and downgraded the stock to Underperform. The firm anticipates a shortfall in PBF Energy’s fourth-quarter earnings and EPS due to deteriorating refining industry conditions and the narrowing of the Western Canadian Select crude differential.
TD Cowen downgraded PBF Energy from Hold to Sell and reduced the price target from $27 to $20, citing the company’s lowest refining results per barrel among its peers and challenges from West Coast renewable diesel imports. Meanwhile, Mizuho Securities further downgraded the stock from Neutral to Underperform, expecting continued pressure on refining crack spreads due to global capacity increases, planned shutdowns, and lagging demand growth.
In addition to these revisions, PBF Energy announced changes in executive compensation, including long-term incentive awards for their named executive officers. The incentive awards include restricted shares of Class A common stock, performance share units, and performance units with payouts contingent on the company’s total shareholder return rankings from January 1, 2025, through December 31, 2027.
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