The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! About 895,924 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 29.76% since March 4, 2016 and is downtrending. It has underperformed by 37.80% the S&P500.
The move comes after 7 months negative chart setup for the $2.11B company. It was reported on Oct, 7 by Barchart.com. We have $19.47 PT which if reached, will make NYSE:PBF worth $189.90M less.
Analysts await PBF Energy Inc (NYSE:PBF) to report earnings on November, 3. They expect $0.61 EPS, down 67.03% or $1.24 from last year’s $1.85 per share. PBF’s profit will be $59.92 million for 8.76 P/E if the $0.61 EPS becomes a reality. After $0.14 actual EPS 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. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, June 29 report. JP Morgan initiated the shares of PBF in a report on Friday, April 8 with “Overweight” rating. Deutsche Bank maintained the shares of PBF in a report on Thursday, September 15 with “Hold” rating. Macquarie Research initiated the shares of PBF in a report on Friday, July 24 with “Outperform” rating. JP Morgan downgraded it to “Neutral” rating and $21 target price in Monday, July 11 report. The stock has “Outperform” rating given by Credit Suisse on Monday, April 25. The company was initiated on Friday, September 25 by Goldman Sachs. The stock of PBF Energy Inc (NYSE:PBF) has “Buy” rating given on Wednesday, October 21 by Citigroup. The firm has “Buy” rating given on Monday, November 23 by Goldman Sachs. On Friday, September 9 the stock rating was downgraded by Goldman Sachs to “Sell”.
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 2016 Q2. 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.
Moreover, Nomura Asset Mgmt Ltd has 0% invested in PBF Energy Inc (NYSE:PBF) for 3,160 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 33,793 shares in its portfolio. Blackrock Advsr accumulated 165,271 shares or 0% of the stock. Los Angeles Capital Management & Equity Rech has 177,400 shares for 0.04% of their US portfolio. Great West Life Assurance Company Can, a Manitoba – Canada-based fund reported 24,985 shares. Clinton Gp holds 105,251 shares or 0.11% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.01% in PBF Energy Inc (NYSE:PBF). Miles Cap Incorporated owns 49,571 shares or 0.8% of their US portfolio. Park Circle, a Maryland-based fund reported 1,200 shares. Weaver C Barksdale Associate has invested 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF). Vanguard Group holds 0.01% or 10.04M shares in its portfolio. Natl Bank Of America Corp De accumulated 0.01% or 946,316 shares. National Bank & Trust Of New York Mellon Corp has invested 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF). Dimensional Fund L P accumulated 0.07% or 5.22M shares. Moreover, Adams Natural Res Fund Incorporated has 0.67% invested in PBF Energy Inc (NYSE:PBF) for 179,100 shares.
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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