Notable Reporting: Does PBF Energy Inc Have Any Gas After Today’s Big Increase?

Notable Reporting: Does PBF Energy Inc Have Any Gas After Today's Big Increase?

The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! About 978,634 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 33.86% since March 15, 2016 and is downtrending. It has underperformed by 39.34% the S&P500.
The move comes after 5 months positive chart setup for the $2.24B company. It was reported on Oct, 18 by Barchart.com. We have $34.36 PT which if reached, will make NYSE:PBF worth $1.41B 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 $64.82M for 8.64 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 9 analysts covering PBF Energy Inc (NYSE:PBF), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. PBF Energy Inc has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Macquarie Research on Friday, July 24 with “Outperform”. The company was maintained on Monday, April 25 by Credit Suisse. The firm earned “Buy” rating on Wednesday, October 21 by Citigroup. The rating was upgraded by Morgan Stanley on Monday, January 18 to “Overweight”. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, April 12. As per Thursday, September 15, the company rating was maintained by Deutsche Bank. The stock of PBF Energy Inc (NYSE:PBF) has “Buy” rating given on Tuesday, August 11 by Zacks. The firm earned “Overweight” rating on Friday, January 15 by Morgan Stanley. The rating was initiated by JP Morgan on Friday, April 8 with “Overweight”. On Monday, October 10 the stock rating was downgraded by Barclays Capital to “Underweight”.

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.
Camarda Fincl Advsr Ltd Co owns 500 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF) for 81,347 shares. Meeder Asset Mgmt holds 15,807 shares or 0.04% of its portfolio. Signaturefd Limited reported 36 shares or 0% of all its holdings. Blackrock Fund Advisors owns 1.18M shares or 0.01% of their US portfolio. Jefferies Grp Ltd Liability Corporation accumulated 0.01% or 129,526 shares. Credit Suisse Ag has invested 0% of its portfolio in PBF Energy Inc (NYSE:PBF). Herndon Cap Mngmt Limited Liability holds 0.02% of its portfolio in PBF Energy Inc (NYSE:PBF) for 20,159 shares. Fmr Ltd Liability, a Massachusetts-based fund reported 399,910 shares. Moreover, Vanguard Group has 0.01% invested in PBF Energy Inc (NYSE:PBF) for 10.04 million shares. Teachers Advisors Inc has 95,937 shares for 0% of their US portfolio. Wells Fargo And Co Mn accumulated 801,334 shares or 0.01% of the stock. Moreover, Wellington Gp Limited Liability Partnership has 0.02% invested in PBF Energy Inc (NYSE:PBF) for 2.48 million shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management holds 0.01% or 31,925 shares in its portfolio. Oppenheimer Inc reported 8,500 shares or 0.01% of all its holdings.

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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