Insider Buying: PBF Energy Inc (NYSE:PBF) Insider Purchases $4,232,733.63 in Stock

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PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora bought 187,871 shares of the stock in a transaction on 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was acquired 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 acquired 354,917 shares of PBF Energy stock. The stock was acquired at an average cost 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 acquired 538,300 shares of PBF Energy stock. The stock was acquired at an average cost 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 acquired 686,500 shares of PBF Energy stock. The stock was acquired at an average cost 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 acquired 1,609,796 shares of PBF Energy stock. The stock was acquired at an average cost of $28.95 per share, with a total value of $46,603,594.20.

Shares of NYSE:PBF opened at $21.54 on Friday. The firm’s 50 day moving average price is $27.23 and its 200 day moving average price is $30.13. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth 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 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 issued its 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). The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.23 billion. PBF Energy had a net margin of 0.09% and a return on equity of 6.34%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.38 EPS. On average, equities analysts anticipate that PBF Energy Inc will post 1.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.20 annualized dividend and a yield of 5.57%. PBF Energy’s dividend payout ratio (DPR) is 36.81%.

Several research firms have recently commented on PBF. 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 issued a $30.00 price objective (down previously from $33.00) on shares of PBF Energy in a research note on Friday, August 2nd. Goldman Sachs Group raised shares of PBF Energy from a “sell” rating to a “neutral” rating and set a $27.00 price objective for the company in a research note on Monday, August 5th. Bank of America raised shares of PBF Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, April 29th. Finally, Credit Suisse Group raised shares of PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.57.

Large investors have recently modified their holdings of the stock. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in PBF Energy in the first quarter valued at approximately $119,000. First Citizens Bank & Trust Co. raised its holdings in PBF Energy by 43.9% in the second quarter. First Citizens Bank & Trust Co. now owns 15,733 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 4,796 shares in the last quarter. Cubic Asset Management LLC acquired a new stake in PBF Energy in the second quarter valued at approximately $983,000. Mason Street Advisors LLC raised its holdings in PBF Energy by 1.5% in the first quarter. Mason Street Advisors LLC now owns 63,731 shares of the oil and gas company’s stock valued at $1,985,000 after acquiring an additional 932 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in PBF Energy by 1.0% in the first quarter. BlackRock Inc. now owns 10,948,546 shares of the oil and gas company’s stock valued at $340,937,000 after acquiring an additional 104,616 shares in the last quarter. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

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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