PBF Energy Inc (NYSE:PBF) Insider Carso S.A. De C.V. Inversora Acquires 720,000 Shares

PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora purchased 720,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of $6.63 per share, with a total value of $4,773,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, March 18th, Carso S.A. De C.V. Inversora acquired 230,000 shares of PBF Energy stock. The shares were acquired at an average cost of $7.25 per share, with a total value of $1,667,500.00.
  • On Tuesday, March 10th, Carso S.A. De C.V. Inversora acquired 30,621 shares of PBF Energy stock. The shares were acquired at an average price of $14.78 per share, for a total transaction of $452,578.38.
  • On Tuesday, March 3rd, Carso S.A. De C.V. Inversora bought 130,000 shares of PBF Energy stock. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $2,665,000.00.
  • On Monday, February 3rd, Carso S.A. De C.V. Inversora bought 73,471 shares of PBF Energy stock. The stock was bought at an average price of $25.83 per share, with a total value of $1,897,755.93.
  • On Friday, January 31st, Carso S.A. De C.V. Inversora bought 190,000 shares of PBF Energy stock. The stock was bought at an average price of $27.13 per share, with a total value of $5,154,700.00.
  • On Monday, January 27th, Carso S.A. De C.V. Inversora bought 200,000 shares of PBF Energy stock. The shares were bought at an average cost of $26.79 per share, with a total value of $5,358,000.00.
  • On Friday, January 24th, Carso S.A. De C.V. Inversora purchased 300,100 shares of PBF Energy stock. The shares were bought at an average price of $26.81 per share, for a total transaction of $8,045,681.00.
  • On Wednesday, January 22nd, Carso S.A. De C.V. Inversora purchased 212,000 shares of PBF Energy stock. The stock was bought at an average cost of $28.87 per share, for a total transaction of $6,120,440.00.
  • On Friday, January 17th, Carso S.A. De C.V. Inversora purchased 553,796 shares of PBF Energy stock. The stock was bought at an average cost of $29.92 per share, for a total transaction of $16,569,576.32.

PBF stock traded up $1.19 during trading on Thursday, hitting $7.82. The company had a trading volume of 144,291 shares, compared to its average volume of 4,925,202. The firm has a market capitalization of $728.29 million, a price-to-earnings ratio of 3.07, a P/E/G ratio of 0.08 and a beta of 1.67. The business has a 50 day moving average of $20.37 and a 200 day moving average of $27.38. PBF Energy Inc has a fifty-two week low of $5.19 and a fifty-two week high of $35.15. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.64.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 13th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.10. The firm had revenue of $6.30 billion during the quarter, compared to analyst estimates of $5.93 billion. PBF Energy had a net margin of 1.30% and a return on equity of 3.17%. PBF Energy’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. As a group, equities analysts predict that PBF Energy Inc will post 3.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 25th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.35%. The ex-dividend date of this dividend was Monday, February 24th. PBF Energy’s dividend payout ratio is currently 133.33%.

A number of research analysts recently commented on PBF shares. Barclays assumed coverage on PBF Energy in a research note on Tuesday, January 14th. They set an “overweight” rating and a $38.00 price objective for the company. ValuEngine upgraded shares of PBF Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. TheStreet lowered shares of PBF Energy from a “b-” rating to a “c+” rating in a research note on Friday, March 6th. Goldman Sachs Group upgraded shares of PBF Energy from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Thursday. Finally, Royal Bank of Canada restated a “hold” rating and issued a $31.00 price target on shares of PBF Energy in a research note on Monday, January 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $32.73.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of PBF Energy by 61.5% in the 3rd quarter. SG Americas Securities LLC now owns 15,764 shares of the oil and gas company’s stock worth $429,000 after buying an additional 6,005 shares in the last quarter. Stifel Financial Corp bought a new position in shares of PBF Energy in the third quarter valued at $324,000. Phoenix Holdings Ltd. bought a new position in shares of PBF Energy in the third quarter valued at $29,220,000. California State Teachers Retirement System lifted its position in shares of PBF Energy by 1.3% during the 3rd quarter. California State Teachers Retirement System now owns 201,594 shares of the oil and gas company’s stock valued at $5,481,000 after acquiring an additional 2,683 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of PBF Energy by 43.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 36,791 shares of the oil and gas company’s stock valued at $1,000,000 after acquiring an additional 11,179 shares during the last quarter. Institutional investors and hedge funds own 81.17% 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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