Could PBF Energy Inc See a Reversal After Today’s Strong Options Activity?

 Could PBF Energy Inc See a Reversal After Today's Strong Options Activity?

In today’s session PBF Energy Inc (PBF) recorded an unusually high (260) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious PBF decrease. With 260 contracts traded and 12564 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: PBF161021P00022500 closed last at: $1 or 0% . About 654,693 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 25.26% since March 2, 2016 and is downtrending. It has underperformed by 33.52% the S&P500.

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 $63.16M for 9.50 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 8 analysts covering PBF Energy Inc (NYSE:PBF), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. $49 is the highest target while $19 is the lowest. The $35.44 average target is 52.89% above today’s ($23.18) stock price. PBF Energy Inc has been the topic of 23 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Monday, November 23 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Friday, April 8, the company rating was initiated by JP Morgan. JP Morgan downgraded PBF Energy Inc (NYSE:PBF) on Monday, July 11 to “Neutral” rating. The company was upgraded on Monday, October 12 by Barclays Capital. The stock of PBF Energy Inc (NYSE:PBF) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, April 12. The company was maintained on Thursday, September 15 by Deutsche Bank. Macquarie Research initiated PBF Energy Inc (NYSE:PBF) rating on Friday, July 24. Macquarie Research has “Outperform” rating and $40 price target. Goldman Sachs downgraded it to “Neutral” rating and $26 target price in Wednesday, June 29 report. The company was maintained on Monday, April 25 by Credit Suisse. The company was upgraded on Monday, January 18 by Morgan Stanley.

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 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.
Brandywine Glob Inv Management Ltd Company has 345,399 shares for 0.06% of their US portfolio. First Heartland Consultants holds 0.1% or 36,452 shares in its portfolio. Bb&T Securities Limited Liability Company has 0.02% invested in the company for 44,183 shares. Luminus Mgmt Limited has invested 0.29% of its portfolio in PBF Energy Inc (NYSE:PBF). Moreover, Verition Fund Mgmt Ltd Limited Liability Company has 0.04% invested in PBF Energy Inc (NYSE:PBF) for 14,646 shares. Peak6 Invests Lp holds 0% or 24,103 shares in its portfolio. Grantham Mayo Van Otterloo & Llc, a Massachusetts-based fund reported 37,600 shares. Los Angeles Management And Equity Research accumulated 177,400 shares or 0.04% of the stock. Neuberger Berman Grp Limited Liability Com last reported 18,556 shares in the company. Steadfast Advsr Ltd Partnership has 0.91% invested in the company for 62,534 shares. Globeflex Lp has 0.41% invested in the company for 63,191 shares. Kempen Nv accumulated 509,324 shares or 1.42% of the stock. The New Jersey-based Roundview Cap has invested 0.85% in PBF Energy Inc (NYSE:PBF). Barrow Hanley Mewhinney Strauss Limited Com last reported 6.88M shares in the company. Fmr Limited Liability Corp reported 399,910 shares or 0% of all its holdings.

PBF Energy Inc. is a holding company. The company has a market cap of $2.40 billion. 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. It currently has negative earnings. The Firm operates through two divisions: Refining and Logistics.

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.

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.

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