The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! The stock decreased 4.84% or $1.22 on November 30, hitting $23.99. About 3.21M shares traded hands or 19.33% up from the average. PBF Energy Inc (NYSE:PBF) has declined 28.56% since April 27, 2016 and is downtrending. It has underperformed by 33.79% the S&P500.
The move comes after 5 months negative chart setup for the $2.49B company. It was reported on Nov, 30 by Barchart.com. We have $22.55 PT which if reached, will make NYSE:PBF worth $149.40 million less.
Analysts await PBF Energy Inc (NYSE:PBF) to report earnings on February, 9. They expect $-0.12 earnings per share, down 117.14% or $0.82 from last year’s $0.7 per share. After $-0.16 actual earnings per share reported by PBF Energy Inc for the previous quarter, Wall Street now forecasts -25.00% EPS growth.
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. The firm has “Outperform” rating given on Monday, November 14 by Wolfe Research. The firm earned “Neutral” rating on Tuesday, October 11 by Credit Suisse. The stock of PBF Energy Inc (NYSE:PBF) has “Buy” rating given on Tuesday, August 11 by Zacks. The rating was initiated by JP Morgan with “Overweight” on Friday, April 8. The rating was upgraded by Goldman Sachs to “Buy” on Monday, November 23. The company was downgraded on Wednesday, October 19 by Howard Weil. Goldman Sachs downgraded PBF Energy Inc (NYSE:PBF) rating on Wednesday, June 29. Goldman Sachs has “Neutral” rating and $26 price target. The stock of PBF Energy Inc (NYSE:PBF) earned “Neutral” rating by Goldman Sachs on Friday, September 25. As per Friday, January 15, the company rating was upgraded by Morgan Stanley. RBC Capital Markets initiated it with “Sector Perform” rating and $33 target price in Tuesday, April 12 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 decreased to 0.89 in 2016 Q2. Its down 0.23, from 1.12 in 2016Q1. The ratio is negative, 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.
Frontier Investment last reported 0.36% of its portfolio in the stock. Ladenburg Thalmann Fin Svcs Incorporated last reported 744 shares in the company. Los Angeles Cap Mgmt Equity Research accumulated 0.04% or 177,400 shares. Checchi Capital Advisers Limited Com accumulated 0% or 670 shares. Oppenheimer & Inc accumulated 0.01% or 8,500 shares. Peak6 Invests L P, a Illinois-based fund reported 24,103 shares. Canada Pension Plan Invest Board holds 0% of its portfolio in PBF Energy Inc (NYSE:PBF) for 28,522 shares. Moreover, Amalgamated Comml Bank has 0.02% invested in PBF Energy Inc (NYSE:PBF) for 11,818 shares. Icon Advisers Inc accumulated 416,700 shares or 0.67% of the stock. Miles Cap Incorporated holds 0.8% or 49,571 shares in its portfolio. Century accumulated 0% or 10,499 shares. Art Advisors Lc accumulated 0.02% or 12,796 shares. Jefferies Group Inc Limited Liability Company holds 0.01% or 129,526 shares in its portfolio. Tfs Cap Llc has 0.06% invested in the company for 12,906 shares. Comerica Bank & Trust has 0.14% invested in the company for 740,458 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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