Insider Buying: PBF Energy Inc (NYSE:PBF) Insider Purchases 187,871 Shares of Stock

PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora acquired 187,871 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $22.53 per share, with a total value of $4,232,733.63. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, August 14th, Carso S.A. De C.V. Inversora acquired 335,000 shares of PBF Energy stock. The shares were bought at an average cost of $22.46 per share, with a total value of $7,524,100.00.
  • On Thursday, August 8th, Carso S.A. De C.V. Inversora bought 354,917 shares of PBF Energy stock. The shares were purchased at an average price of $22.24 per share, with a total value 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 purchased at an average price of $23.16 per share, with a total value of $12,467,028.00.
  • On Friday, August 2nd, Carso S.A. De C.V. Inversora bought 686,500 shares of PBF Energy stock. The shares were purchased at an average price of $24.80 per share, with a total value of $17,025,200.00.
  • On Friday, May 24th, Carso S.A. De C.V. Inversora bought 1,609,796 shares of PBF Energy stock. The shares were purchased at an average price of $28.95 per share, with a total value of $46,603,594.20.

NYSE PBF opened at $21.54 on Friday. The stock has a market cap of $2.56 billion, a PE ratio of 6.61, a P/E/G ratio of 3.17 and a beta of 1.62. PBF Energy Inc has a fifty-two week low of $21.09 and a fifty-two week high of $53.91. The business has a 50 day moving average price of $27.23 and a two-hundred day moving average price of $30.13. The company has a quick ratio of 0.54, a current ratio of 1.50 and a debt-to-equity ratio of 0.62.

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 Zacks’ consensus estimate of $0.87 by ($0.04). The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.23 billion. PBF Energy had a return on equity of 6.34% and a net margin of 0.09%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 EPS. Sell-side analysts anticipate that PBF Energy Inc will post 1.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, August 14th. PBF Energy’s dividend payout ratio is presently 36.81%.

A number of brokerages have recently issued reports on PBF. Cowen reiterated a “market perform” rating and set a $30.00 target price (down previously from $33.00) on shares of PBF Energy in a report on Friday, August 2nd. Goldman Sachs Group upgraded PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 target price for the company in a report on Monday, August 5th. Bank of America upgraded PBF Energy from an “underperform” rating to a “neutral” rating in a report on Monday, April 29th. Morgan Stanley set a $42.00 target price on PBF Energy and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, TheStreet cut PBF Energy from a “b-” rating to a “c” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. PBF Energy currently has a consensus rating of “Hold” and an average target price of $42.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in PBF Energy by 1.0% in the 1st quarter. BlackRock Inc. now owns 10,948,546 shares of the oil and gas company’s stock worth $340,937,000 after acquiring an additional 104,616 shares during the period. Bank of Montreal Can boosted its holdings in PBF Energy by 87.9% in the 1st quarter. Bank of Montreal Can now owns 2,819,421 shares of the oil and gas company’s stock worth $87,796,000 after acquiring an additional 1,319,222 shares during the period. Invesco Ltd. boosted its holdings in PBF Energy by 29.9% in the 2nd quarter. Invesco Ltd. now owns 2,297,906 shares of the oil and gas company’s stock worth $71,924,000 after acquiring an additional 528,380 shares during the period. Geode Capital Management LLC boosted its holdings in PBF Energy by 15.8% in the 4th quarter. Geode Capital Management LLC now owns 1,786,685 shares of the oil and gas company’s stock worth $58,370,000 after acquiring an additional 243,762 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in PBF Energy by 5.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,584,192 shares of the oil and gas company’s stock worth $49,332,000 after acquiring an additional 78,162 shares during the period. Hedge funds and other institutional investors own 88.21% of the company’s stock.

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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