PBF Energy Inc (NYSE:PBF) Insider Carso S.A. De C.V. Inversora Buys 82,355 Shares of Stock

PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora purchased 82,355 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $31.40 per share, with a total value of $2,585,947.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, November 19th, Carso S.A. De C.V. Inversora purchased 300,000 shares of PBF Energy stock. The shares were purchased at an average price of $31.91 per share, with a total value of $9,573,000.00.
  • On Monday, November 11th, Carso S.A. De C.V. Inversora purchased 5,028 shares of PBF Energy stock. The shares were purchased at an average price of $32.56 per share, with a total value of $163,711.68.
  • On Friday, November 8th, Carso S.A. De C.V. Inversora purchased 200,155 shares of PBF Energy stock. The shares were purchased at an average price of $32.68 per share, with a total value of $6,541,065.40.
  • On Monday, September 16th, Carso S.A. De C.V. Inversora purchased 350,000 shares of PBF Energy stock. The shares were purchased at an average price of $23.01 per share, with a total value of $8,053,500.00.
  • On Friday, September 13th, Carso S.A. De C.V. Inversora purchased 107,268 shares of PBF Energy stock. The shares were purchased at an average price of $25.45 per share, with a total value of $2,729,970.60.
  • On Wednesday, September 11th, Carso S.A. De C.V. Inversora acquired 190,000 shares of PBF Energy stock. The shares were bought at an average price of $25.53 per share, with a total value of $4,850,700.00.
  • On Wednesday, September 4th, Carso S.A. De C.V. Inversora acquired 80,000 shares of PBF Energy stock. The shares were bought at an average price of $23.59 per share, with a total value of $1,887,200.00.

Shares of PBF opened at $31.30 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 5.89 and a beta of 1.65. PBF Energy Inc has a 1 year low of $21.09 and a 1 year high of $39.66. The business’s 50 day simple moving average is $31.39 and its 200-day simple moving average is $27.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.56 and a quick ratio of 0.64.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.07. PBF Energy had a positive return on equity of 4.77% and a negative net margin of 0.36%. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.29 billion. During the same period in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, sell-side analysts expect that PBF Energy Inc will post 0.79 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Tuesday, November 26th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from PBF Energy’s previous dividend of $0.29. PBF Energy’s dividend payout ratio is presently 36.81%.

Large investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC purchased a new stake in PBF Energy during the 2nd quarter valued at $27,000. Coastal Investment Advisors Inc. grew its position in PBF Energy by 517.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,235 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 1,035 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of PBF Energy during the 3rd quarter worth $52,000. NewSquare Capital LLC bought a new position in shares of PBF Energy during the 2nd quarter worth $90,000. Finally, Advisor Group Inc. grew its position in shares of PBF Energy by 58.2% during the 2nd quarter. Advisor Group Inc. now owns 2,932 shares of the oil and gas company’s stock worth $92,000 after buying an additional 1,079 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.

A number of research analysts recently issued reports on the company. Cowen upgraded PBF Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $42.00 in a research note on Monday, October 21st. Goldman Sachs Group upgraded 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. Wells Fargo & Co upped their price target on PBF Energy from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Raymond James restated an “outperform” rating and issued a $39.00 price target (up from $34.00) on shares of PBF Energy in a research note on Friday, November 1st. Finally, Royal Bank of Canada set a $32.00 price target on PBF Energy and gave the stock a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.67.

PBF Energy Company Profile

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.

Further Reading: Quiet Period Expirations

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

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