The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! About 717,508 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 26.71% since March 1, 2016 and is downtrending. It has underperformed by 35.95% the S&P500.
The move comes after 8 months positive chart setup for the $2.41 billion company. It was reported on Oct, 4 by Barchart.com. We have $30.30 PT which if reached, will make NYSE:PBF worth $698.90M more.
Analysts await PBF Energy Inc (NYSE:PBF) to report earnings on November, 3. They expect $0.61 earnings per share, down 67.03% or $1.24 from last year’s $1.85 per share. PBF’s profit will be $62.61 million for 9.62 P/E if the $0.61 EPS becomes a reality. After $0.14 actual earnings per share reported by PBF Energy Inc for the previous quarter, Wall Street now forecasts 335.71% EPS growth.
PBF Energy Inc (NYSE:PBF) Ratings Coverage
Out of 8 analysts covering PBF Energy Inc (NYSE:PBF), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. PBF Energy Inc has been the topic of 23 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, June 29. As per Friday, September 9, the company rating was downgraded by Goldman Sachs. The rating was downgraded by JP Morgan on Monday, July 11 to “Neutral”. The firm earned “Outperform” rating on Monday, April 25 by Credit Suisse. The firm has “Overweight” rating by Morgan Stanley given on Monday, January 18. On Monday, November 23 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm earned “Buy” rating on Tuesday, August 11 by Zacks. Citigroup maintained PBF Energy Inc (NYSE:PBF) rating on Wednesday, October 21. Citigroup has “Buy” rating and $48 price target. The stock of PBF Energy Inc (NYSE:PBF) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, April 12. Macquarie Research initiated it with “Outperform” rating and $40 target price in Friday, July 24 report.
According to Zacks Investment Research, “PBF Energy Inc. operates as a petroleum refiner and supplier. The Company offers unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Its refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The company sells its products in the northeast and Midwest United States, as well as in other regions of the United States and Canada. PBF Energy Inc. is based in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.18, from 0.94 in 2016Q1. The ratio increased, as 43 funds sold all PBF Energy Inc shares owned while 69 reduced positions. 34 funds bought stakes while 91 increased positions. They now own 96.84 million shares or 4.39% more from 92.77 million shares in 2016Q1.
Anchor Capital Advsrs has 0.52% invested in the company for 866,154 shares. Herndon Mngmt Lc holds 0.02% or 20,159 shares in its portfolio. Aqr Mgmt Ltd Liability Co last reported 1.32 million shares in the company. Putnam Ltd last reported 136,509 shares in the company. Indexiq Advisors Lc reported 3,820 shares or 0.01% of all its holdings. Camarda Financial Advisors Lc holds 500 shares or 0.01% of its portfolio. Moreover, Aperio Gru Ltd Liability Corp has 0% invested in PBF Energy Inc (NYSE:PBF) for 9,831 shares. Winslow Evans Crocker accumulated 0% or 100 shares. Aberdeen Asset Mgmt Public Ltd Liability Co Uk has 22,653 shares for 0% of their US portfolio. Clinton Gru last reported 0.11% of its portfolio in the stock. Qcm Cayman accumulated 0.11% or 10,277 shares. California State Teachers Retirement System last reported 212,767 shares in the company. The New Jersey-based Credit Capital Investments Ltd Limited Liability Company has invested 0.91% in PBF Energy Inc (NYSE:PBF). Moreover, Goldman Sachs Grp Inc Inc has 0.01% invested in PBF Energy Inc (NYSE:PBF) for 1.48M shares. State Street Corporation owns 2.72 million shares or 0.01% of their US portfolio.
Another recent and important PBF Energy Inc (NYSE:PBF) news was published by Prnewswire.com which published an article titled: “PBF Energy to Release Third Quarter 2016 Earnings Results” on September 21, 2016.
PBF Company Profile
PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Firm is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Firm operates through two divisions: Refining and Logistics. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations. The Company’s refineries have a combined processing capacity, known as throughput, of approximately 730,000 barrels per day (bpd) and a weighted-average Nelson Complexity Index of approximately 11.7.
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