Insider Buying: PBF Energy Inc (NYSE:PBF) Insider Purchases 811,427 Shares of Stock

PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora bought 811,427 shares of PBF Energy stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $30.97 per share, for a total transaction of $25,129,894.19.

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

  • On Friday, November 29th, Carso S.A. De C.V. Inversora purchased 150,000 shares of PBF Energy stock. The shares were acquired at an average cost of $31.29 per share, with a total value of $4,693,500.00.
  • On Tuesday, November 26th, Carso S.A. De C.V. Inversora acquired 82,355 shares of PBF Energy stock. The stock was acquired at an average price of $31.40 per share, with a total value of $2,585,947.00.
  • On Tuesday, November 19th, Carso S.A. De C.V. Inversora acquired 300,000 shares of PBF Energy stock. The stock was acquired 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 acquired 5,028 shares of PBF Energy stock. The stock was acquired at an average cost of $32.56 per share, for a total transaction of $163,711.68.
  • On Friday, November 8th, Carso S.A. De C.V. Inversora bought 200,155 shares of PBF Energy stock. The shares were acquired at an average price of $32.68 per share, for a total transaction of $6,541,065.40.
  • On Monday, September 16th, Carso S.A. De C.V. Inversora bought 350,000 shares of PBF Energy stock. The stock was acquired 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 bought 107,268 shares of PBF Energy stock. The stock was acquired 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 purchased 190,000 shares of PBF Energy stock. The stock was acquired at an average cost of $25.53 per share, with a total value of $4,850,700.00.

Shares of PBF opened at $30.97 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 0.65. PBF Energy Inc has a 12-month low of $21.09 and a 12-month high of $37.03. The firm has a market capitalization of $3.71 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 5.76 and a beta of 1.61. The stock’s fifty day simple moving average is $31.92 and its 200-day simple moving average is $27.64.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.29 billion. PBF Energy had a positive return on equity of 4.77% and a negative net margin of 0.36%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. Analysts anticipate that PBF Energy Inc will post 0.79 EPS for the current year.

The firm also recently announced a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from PBF Energy’s previous dividend of $0.29. PBF Energy’s dividend payout ratio is presently 36.81%.

Several brokerages recently issued reports on PBF. JPMorgan Chase & Co. set a $30.00 price target on shares of PBF Energy and gave the stock a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Co raised their price objective on shares of PBF Energy from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Raymond James reaffirmed an “outperform” rating and issued a $39.00 target price (up from $34.00) on shares of PBF Energy in a research note on Friday, November 1st. Tudor Pickering upgraded shares of PBF Energy from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, December 2nd. Finally, Cowen raised shares of PBF Energy from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $42.00 in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.70.

Institutional investors have recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. lifted its holdings in PBF Energy by 1.2% in the second quarter. Tealwood Asset Management Inc. now owns 49,977 shares of the oil and gas company’s stock valued at $1,564,000 after buying an additional 609 shares during the period. World Asset Management Inc boosted its stake in PBF Energy by 8.4% in the third quarter. World Asset Management Inc now owns 10,710 shares of the oil and gas company’s stock valued at $291,000 after acquiring an additional 830 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in PBF Energy during the 2nd quarter worth $27,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in PBF Energy by 15.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,757 shares of the oil and gas company’s stock worth $206,000 after acquiring an additional 902 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in PBF Energy by 19.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,774 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 923 shares during the period. Institutional investors own 80.61% 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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