Carso S.A. De C.V. Inversora Buys 354,917 Shares of PBF Energy Inc (NYSE:PBF) Stock

PBF Energy Inc (NYSE:PBF) insider Carso S.A. De C.V. Inversora purchased 354,917 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $22.24 per share, for a total transaction of $7,893,354.08. The acquisition was disclosed in a document filed 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, August 6th, Carso S.A. De C.V. Inversora bought 538,300 shares of PBF Energy stock. The stock was acquired at an average price of $23.16 per share, for a total transaction 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 stock was acquired at an average price of $24.80 per share, for a total transaction 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 stock was acquired at an average cost of $28.95 per share, with a total value of $46,603,594.20.

Shares of PBF Energy stock traded down $0.12 on Friday, reaching $22.91. 2,350,871 shares of the stock were exchanged, compared to its average volume of 1,941,085. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.50 and a quick ratio of 0.54. PBF Energy Inc has a twelve month low of $21.61 and a twelve month high of $53.91. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 3.12 and a beta of 1.62. The company has a 50 day simple moving average of $27.94.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). PBF Energy had a net margin of 0.09% and a return on equity of 6.34%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was down 11.9% compared to the same quarter last year. On average, research analysts predict that PBF Energy Inc will post 1.19 earnings per share 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 5.24%. The ex-dividend date is Wednesday, August 14th. PBF Energy’s payout ratio is presently 36.81%.

A number of large investors have recently made changes to their positions in PBF. FinTrust Capital Advisors LLC bought a new position in shares of PBF Energy during the second quarter valued at approximately $27,000. Machina Capital S.A.S. acquired a new position in PBF Energy in the 2nd quarter valued at approximately $36,000. Coastal Investment Advisors Inc. increased 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 period. Bremer Bank National Association acquired a new position in PBF Energy in the 1st quarter valued at approximately $57,000. Finally, Advisor Group Inc. increased its position in PBF Energy by 58.2% in the 2nd quarter. Advisor Group Inc. now owns 2,932 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 1,079 shares during the period. 88.75% of the stock is owned by institutional investors.

A number of brokerages recently commented on PBF. Cowen reaffirmed a “market perform” rating and set a $30.00 price target (down from $33.00) on shares of PBF Energy in a research report on Friday, August 2nd. Goldman Sachs Group raised 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. Bank of America raised PBF Energy from an “underperform” rating to a “neutral” rating in a report on Monday, April 29th. TheStreet downgraded PBF Energy from a “b-” rating to a “c” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group raised PBF Energy from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.63.

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.

Read More: Current Ratio

Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.