What’s in PBF Energy Inc. (PBF) After Reaching 52-Week High?

April 25, 2018 - By Peter Erickson

Investors sentiment increased to 1.49 in Q4 2017. Its up 0.65, from 0.84 in 2017Q3. It is positive, as 28 investors sold PBF Energy Inc. shares while 76 reduced holdings. 80 funds opened positions while 75 raised stakes. 107.76 million shares or 7.13% less from 116.04 million shares in 2017Q3 were reported.
Sandy Spring Comml Bank holds 0% in PBF Energy Inc. (NYSE:PBF) or 274 shares. Cibc Ww Inc reported 6,000 shares or 0% of all its holdings. Balyasny Asset Mngmt Ltd Llc holds 0.01% or 64,161 shares. First Advisors L P has 78,819 shares. Snow Capital Mngmt Lp stated it has 3.59% of its portfolio in PBF Energy Inc. (NYSE:PBF). Moreover, Secor Cap Advsrs L P has 0.34% invested in PBF Energy Inc. (NYSE:PBF) for 239,038 shares. Commonwealth Fincl Bank Of Aus stated it has 140,400 shares. Cwm holds 50 shares. Ftb reported 273 shares. Greenwich reported 0.34% of its portfolio in PBF Energy Inc. (NYSE:PBF). Rafferty Asset Management Ltd Liability Co invested 0.07% of its portfolio in PBF Energy Inc. (NYSE:PBF). Advantus Mngmt Inc invested 0.01% of its portfolio in PBF Energy Inc. (NYSE:PBF). Alliancebernstein Limited Partnership holds 0% or 62,105 shares. Highvista Strategies Lc invested in 0.18% or 18,500 shares. Ls Investment Advisors Ltd Liability has 7,080 shares for 0.01% of their portfolio.

The stock of PBF Energy Inc. (NYSE:PBF) hit a new 52-week high and has $39.08 target or 5.00 % above today’s $37.22 share price. The 5 months bullish chart indicates low risk for the $4.28B company. The 1-year high was reported on Apr, 25 by Barchart.com. If the $39.08 price target is reached, the company will be worth $213.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.04% or $0.39 during the last trading session, reaching $37.22. About 789,397 shares traded. PBF Energy Inc. (NYSE:PBF) has risen 56.85% since April 25, 2017 and is uptrending. It has outperformed by 45.30% the S&P500.

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on May, 3 before the open. They expect $0.20 earnings per share, up 200.00 % or $0.40 from last year’s $-0.2 per share. PBF’s profit will be $22.98M for 46.53 P/E if the $0.20 EPS becomes a reality. After $-0.04 actual earnings per share reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -600.00 % EPS growth.

PBF Energy Inc. (NYSE:PBF) Ratings Coverage

Among 12 analysts covering PBF Energy (NYSE:PBF), 1 have Buy rating, 4 Sell and 7 Hold. Therefore 8% are positive. PBF Energy had 19 analyst reports since November 6, 2017 according to SRatingsIntel. The stock of PBF Energy Inc. (NYSE:PBF) has “Buy” rating given on Thursday, December 21 by Scotia Capital. On Sunday, January 21 the stock rating was maintained by Piper Jaffray with “Hold”. On Monday, April 9 the stock rating was maintained by JP Morgan with “Underweight”. On Wednesday, January 24 the stock rating was maintained by Citigroup with “Buy”. Morgan Stanley maintained the stock with “Underweight” rating in Monday, April 16 report. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Monday, November 6 report. RBC Capital Markets maintained it with “Hold” rating and $34.0 target in Tuesday, January 30 report. The company was downgraded on Friday, February 16 by Cowen & Co. The stock has “Overweight” rating by Barclays Capital on Tuesday, November 14. As per Tuesday, December 12, the company rating was downgraded by J.P. Morgan.

PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. The company has market cap of $4.28 billion. The firm operates through two divisions, Refining and Logistics. It has a 9.98 P/E ratio. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

PBF Energy Inc. (NYSE:PBF) Institutional Positions Chart

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