Notable Mover: A Reversal for PBF Energy Inc Is Not Near. The Stock Declines Again

Notable Mover: A Reversal for PBF Energy Inc Is Not Near. The Stock Declines Again

The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! About 2.89M shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 20.12% since April 14, 2016 and is downtrending. It has underperformed by 24.81% the S&P500.
The move comes after 6 months negative chart setup for the $2.66 billion company. It was reported on Nov, 16 by Barchart.com. We have $23.41 PT which if reached, will make NYSE:PBF worth $239.40 million less.

PBF Energy Inc (NYSE:PBF) Ratings Coverage

Out of 12 analysts covering PBF Energy Inc (NYSE:PBF), 6 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 50% are positive. PBF Energy Inc has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded the stock to “Underweight” rating in Monday, October 10 report. Barclays Capital upgraded PBF Energy Inc (NYSE:PBF) rating on Monday, October 12. Barclays Capital has “Equal-Weight” rating and $38 price target. Credit Suisse downgraded the shares of PBF in a report on Tuesday, October 11 to “Neutral” rating. The stock has “Buy” rating given by Citigroup on Wednesday, October 21. The firm earned “Neutral” rating on Wednesday, June 29 by Goldman Sachs. Wolfe Research upgraded PBF Energy Inc (NYSE:PBF) on Monday, November 14 to “Outperform” rating. The company was maintained on Monday, April 25 by Credit Suisse. The firm has “Overweight” rating given on Friday, April 8 by JP Morgan. Zacks downgraded PBF Energy Inc (NYSE:PBF) on Tuesday, August 11 to “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Monday, July 11.

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 improved, 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.
Kempen Mgmt Nv owns 509,324 shares or 1.42% of their US portfolio. Manufacturers Life Insur The holds 0% or 2,719 shares in its portfolio. Gp One Trading Limited Partnership has 22,226 shares for 0.01% of their US portfolio. Breton Hill accumulated 31,941 shares or 0.24% of the stock. Vanguard accumulated 0.01% or 10.04 million shares. Raymond James & has 96,256 shares for 0.01% of their US portfolio. California State Teachers Retirement System has 0.01% invested in the company for 212,767 shares. The Virginia-based Bb&T Secs has invested 0.02% in PBF Energy Inc (NYSE:PBF). Blackrock Invest Ltd Llc last reported 0.01% of its portfolio in the stock. Voya Invest Mgmt Ltd Llc has 0% invested in the company for 49,255 shares. Old National Financial Bank In accumulated 17,117 shares or 0.02% of the stock. Susquehanna Intll Gp Limited Liability Partnership last reported 0% of its portfolio in the stock. Deutsche Natl Bank Ag holds 0% of its portfolio in PBF Energy Inc (NYSE:PBF) for 185,913 shares. Anchor Capital Advsr Ltd Liability accumulated 0.52% or 866,154 shares. Pnc Svcs Gp holds 0% of its portfolio in PBF Energy Inc (NYSE:PBF) for 2,310 shares.

Another recent and important PBF Energy Inc (NYSE:PBF) news was published by Nasdaq.com which published an article titled: “PBF Energy Inc. (PBF) Ex-Dividend Date Scheduled for November 04, 2016” on November 03, 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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