The stock of PBF Energy Inc (NYSE:PBF) is a huge mover today! About 766,067 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 28.39% since April 28, 2016 and is downtrending. It has underperformed by 34.31% the S&P500.
The move comes after 9 months positive chart setup for the $2.42B company. It was reported on Dec, 1 by Barchart.com. We have $25.85 PT which if reached, will make NYSE:PBF worth $121.00 million more.
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. Morgan Stanley upgraded it to “Overweight” rating and $49 target price in Friday, January 15 report. The firm has “Outperform” rating given on Monday, April 25 by Credit Suisse. The firm has “Overweight” rating by Morgan Stanley given on Monday, January 18. Goldman Sachs initiated the shares of PBF in a report on Friday, September 25 with “Neutral” rating. RBC Capital Markets initiated PBF Energy Inc (NYSE:PBF) on Tuesday, April 12 with “Sector Perform” rating. The stock has “Buy” rating given by Zacks on Tuesday, August 11. The firm has “Sector Outperform” rating by Howard Weil given on Wednesday, October 19. The stock of PBF Energy Inc (NYSE:PBF) earned “Neutral” rating by Goldman Sachs on Wednesday, June 29. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 12. The stock of PBF Energy Inc (NYSE:PBF) has “Outperform” rating given on Monday, November 14 by Wolfe Research.
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 Q2 2016. Its down 0.23, from 1.12 in 2016Q1. The ratio turned 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.
Metropolitan Life Insurance Ny, a New York-based fund reported 2,891 shares. Luminus Limited Liability Company, a New York-based fund reported 421,108 shares. Jacobs Levy Equity Mgmt Inc holds 184,500 shares or 0.09% of its portfolio. State Board Of Administration Of Florida Retirement Sys has 0.01% invested in the company for 99,321 shares. Jefferies Limited Liability Com accumulated 0.01% or 129,526 shares. Morgan Stanley has invested 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF). West Oak Cap Ltd Liability, a California-based fund reported 1,030 shares. Wellington Mgmt Group Llp holds 0.02% of its portfolio in PBF Energy Inc (NYSE:PBF) for 2.48 million shares. Aqr Capital Management Ltd Liability, a Connecticut-based fund reported 1.32 million shares. Barrow Hanley Mewhinney & Strauss Llc last reported 6.88M shares in the company. Guggenheim Ltd Co accumulated 0% or 31,838 shares. Goldman Sachs Grp has 1.48M shares for 0.01% of their US portfolio. Quantitative Investment Mgmt owns 68,300 shares or 0.08% of their US portfolio. The Wisconsin-based State Of Wisconsin Invest Board has invested 0.01% in PBF Energy Inc (NYSE:PBF). The United Kingdom-based Jupiter Asset Mngmt has invested 0.17% in PBF Energy Inc (NYSE:PBF).
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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