PBF Energy Inc Unusual Bullish Options Activity Means Profits for Traders

 PBF Energy Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session PBF Energy Inc (PBF) registered an unusually high (384) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PBF increase. With 384 contracts traded and 3654 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PBF161118C00020000 closed last at: $1.3 or 10.3% down. About 905,805 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 33.86% since March 15, 2016 and is downtrending. It has underperformed by 39.34% 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 $64.85 million for 8.64 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 9 analysts covering PBF Energy Inc (NYSE:PBF), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. PBF Energy Inc has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Monday, April 25. The firm has “Overweight” rating by JP Morgan given on Friday, April 8. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The firm has “Hold” rating given on Thursday, September 15 by Deutsche Bank. Barclays Capital downgraded PBF Energy Inc (NYSE:PBF) on Monday, October 10 to “Underweight” rating. On Friday, September 25 the stock rating was initiated by Goldman Sachs with “Neutral”. On Monday, July 11 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was upgraded by Goldman Sachs to “Buy” on Monday, November 23. The firm has “Sell” rating by Goldman Sachs given on Friday, September 9. Goldman Sachs downgraded PBF Energy Inc (NYSE:PBF) rating on Wednesday, June 29. Goldman Sachs has “Neutral” rating and $26 price target.

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 increased, 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.
Rhumbline Advisers has 0.01% invested in the company for 76,321 shares. Credit Limited Liability Co accumulated 0.91% or 642,820 shares. First L P has 0.06% invested in the company for 854,553 shares. Price T Rowe Associate Md last reported 0% of its portfolio in the stock. Blackrock Inv Ltd Liability, a New Jersey-based fund reported 166,964 shares. Moreover, Ramsey Asset Mngmt has 3.71% invested in PBF Energy Inc (NYSE:PBF) for 80,000 shares. Moreover, Brave Asset Mngmt has 0.16% invested in PBF Energy Inc (NYSE:PBF) for 10,250 shares. California State Teachers Retirement Systems, a California-based fund reported 212,767 shares. Omers Administration has invested 0.18% of its portfolio in PBF Energy Inc (NYSE:PBF). The New York-based Tiaa Cref Invest Mngmt Ltd Liability has invested 0% in PBF Energy Inc (NYSE:PBF). Suntrust Banks holds 0% or 14,139 shares in its portfolio. Venor Cap Management L P holds 1.93% of its portfolio in PBF Energy Inc (NYSE:PBF) for 118,716 shares. Bnp Paribas Arbitrage Sa reported 81,347 shares or 0.01% of all its holdings. Jpmorgan Chase owns 8.31 million shares or 0.05% of their US portfolio. Wells Fargo & Mn owns 801,334 shares or 0.01% of their US portfolio.

PBF Energy Inc. is a holding company. The company has a market cap of $2.24 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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