PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora bought 190,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $25.53 per share, with a total value of $4,850,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Carso S.A. De C.V. Inversora also recently made the following trade(s):

  • On Wednesday, September 4th, Carso S.A. De C.V. Inversora purchased 80,000 shares of PBF Energy stock. The shares were bought at an average cost of $23.59 per share, for a total transaction of $1,887,200.00.
  • On Friday, August 23rd, Carso S.A. De C.V. Inversora bought 52,385 shares of PBF Energy stock. The shares were acquired at an average cost of $21.75 per share, for a total transaction of $1,139,373.75.
  • On Wednesday, August 14th, Carso S.A. De C.V. Inversora bought 335,000 shares of PBF Energy stock. The shares were acquired at an average cost of $22.46 per share, for a total transaction of $7,524,100.00.
  • On Monday, August 12th, Carso S.A. De C.V. Inversora acquired 187,871 shares of PBF Energy stock. The stock was purchased at an average cost of $22.53 per share, for a total transaction of $4,232,733.63.
  • On Thursday, August 8th, Carso S.A. De C.V. Inversora bought 354,917 shares of PBF Energy stock. The shares were bought at an average price of $22.24 per share, for a total transaction of $7,893,354.08.
  • On Tuesday, August 6th, Carso S.A. De C.V. Inversora bought 538,300 shares of PBF Energy stock. The shares were bought at an average price of $23.16 per share, for a total transaction of $12,467,028.00.
  • On Friday, August 2nd, Carso S.A. De C.V. Inversora acquired 686,500 shares of PBF Energy stock. The shares were acquired at an average price of $24.80 per share, for a total transaction of $17,025,200.00.

PBF stock traded up $0.10 during midday trading on Friday, hitting $25.60. The company’s stock had a trading volume of 1,977,701 shares, compared to its average volume of 1,929,177. PBF Energy Inc has a 12 month low of $21.09 and a 12 month high of $53.91. The company has a quick ratio of 0.54, a current ratio of 1.50 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.65. The company has a 50 day moving average of $24.02 and a two-hundred day moving average of $28.61.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.04). PBF Energy had a net margin of 0.09% and a return on equity of 6.34%. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts anticipate that PBF Energy Inc will post 1.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Wednesday, August 14th. PBF Energy’s payout ratio is 36.81%.

Institutional investors and hedge funds have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in PBF Energy during the second quarter worth $27,000. Machina Capital S.A.S. purchased a new position in shares of PBF Energy in the 2nd quarter worth $36,000. Coastal Investment Advisors Inc. raised its position in PBF Energy by 517.5% in the second quarter. Coastal Investment Advisors Inc. now owns 1,235 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 1,035 shares during the period. Bremer Bank National Association purchased a new position in PBF Energy in the first quarter valued at about $57,000. Finally, NewSquare Capital LLC purchased a new position in PBF Energy in the second quarter valued at about $90,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $42.00 price target on shares of PBF Energy and gave the stock a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lowered their target price on shares of PBF Energy from $28.00 to $23.00 and set an “underweight” rating on the stock in a research note on Tuesday. ValuEngine raised shares of PBF Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 22nd. Cowen reissued a “market perform” rating and set a $30.00 price target (down from $33.00) on shares of PBF Energy in a research note on Friday, August 2nd. Finally, TheStreet cut shares of PBF Energy from a “b-” rating to a “c” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.00.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.

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Insider Buying and Selling by Quarter for PBF Energy (NYSE:PBF)

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