In today’s session PBF Energy Inc (PBF) registered an unusually high (997) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PBF increase. With 997 contracts traded and 26624 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PBF161216C00025000 closed last at: $0.95 or 171.4% up. About 403,353 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 29.91% since April 1, 2016 and is downtrending. It has underperformed by 31.12% the S&P500.
PBF Energy Inc (NYSE:PBF) Ratings Coverage
Out of 11 analysts covering PBF Energy Inc (NYSE:PBF), 5 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 45% are positive. $49 is the highest target while $19 is the lowest. The $34.30 average target is 53.19% above today’s ($22.39) stock price. PBF Energy Inc has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, September 15 by Deutsche Bank. JP Morgan downgraded PBF Energy Inc (NYSE:PBF) rating on Monday, July 11. JP Morgan has “Neutral” rating and $21 price target. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. The rating was upgraded by Goldman Sachs on Monday, November 23 to “Buy”. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, January 15 report. Citigroup maintained the shares of PBF in a report on Wednesday, October 21 with “Buy” rating. The stock has “Neutral” rating given by Goldman Sachs on Friday, September 25. The stock of PBF Energy Inc (NYSE:PBF) has “Outperform” rating given on Monday, April 25 by Credit Suisse. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 12. The firm earned “Neutral” rating on Tuesday, October 11 by Credit Suisse.
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 Q2 2016. 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.
Fdx Advisors reported 29,792 shares or 0.03% of all its holdings. Css Limited Liability Company Il, a Illinois-based fund reported 16,000 shares. Moreover, Barrow Hanley Mewhinney & Strauss Ltd has 0.25% invested in PBF Energy Inc (NYSE:PBF) for 6.88 million shares. Steadfast Cap Mgmt Limited Partnership holds 0.91% or 1.52 million shares in its portfolio. Herndon Capital Limited Liability Company has 20,159 shares for 0.02% of their US portfolio. Omers Administration holds 372,900 shares or 0.18% of its portfolio. The New York-based Indexiq Advsrs Llc has invested 0.01% in PBF Energy Inc (NYSE:PBF). First Republic Investment Mgmt Incorporated last reported 247,699 shares in the company. Swift Run Mgmt Lc has invested 2.89% of its portfolio in PBF Energy Inc (NYSE:PBF). The New Jersey-based Roundview Cap Lc has invested 0.85% in PBF Energy Inc (NYSE:PBF). Tudor Invest Et Al holds 0.01% of its portfolio in PBF Energy Inc (NYSE:PBF) for 10,700 shares. Wolverine Asset Mgmt Ltd Liability Corp accumulated 0.01% or 25,000 shares. Asset Mgmt Inc accumulated 0.09% or 243,355 shares. Glenmede Trust Com Na accumulated 0.01% or 64,640 shares. First Heartland Consultants Inc last reported 0.1% of its portfolio in the stock.
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.
More news for PBF Energy Inc (NYSE:PBF) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: NuStar GP Holdings, PBF Energy and NuStar Energy” on November 02, 2016. Seekingalpha.com‘s article titled: “PBF Energy (PBF) CEO Tom Nimbley on Q3 2016 Results – Earnings Call Transcript” and published on October 29, 2016 is yet another important article.
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