In today’s session PBF Energy Inc (PBF) registered an unusually high (363) 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 363 contracts traded and 16654 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PBF161216C00022500 closed last at: $4.3 or 26.5% up. About 326,148 shares traded hands. PBF Energy Inc (NYSE:PBF) has declined 20.12% since April 14, 2016 and is downtrending. It has underperformed by 24.81% the S&P500.
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. As per Friday, January 15, the company rating was upgraded by Morgan Stanley. The firm earned “Overweight” rating on Friday, April 8 by JP Morgan. The rating was upgraded by Goldman Sachs on Monday, November 23 to “Buy”. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 12. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. The firm has “Outperform” rating given on Monday, November 14 by Wolfe Research. Goldman Sachs downgraded it to “Neutral” rating and $26 target price in Wednesday, June 29 report. The firm earned “Sell” rating on Friday, September 9 by Goldman Sachs. The firm has “Outperform” rating by Macquarie Research given on Friday, July 24. The rating was downgraded by Howard Weil on Wednesday, October 19 to “Sector Outperform”.
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 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.
Camarda Financial Advsrs Limited Liability Company holds 500 shares or 0.01% of its portfolio. Citigroup Inc holds 0% or 148,003 shares in its portfolio. Advisory Svcs Net Ltd Llc holds 0.05% of its portfolio in PBF Energy Inc (NYSE:PBF) for 9,403 shares. Virginia Retirement System Et Al last reported 49,900 shares in the company. The Texas-based Qcm Cayman Limited has invested 0.11% in PBF Energy Inc (NYSE:PBF). Barrow Hanley Mewhinney & Strauss Limited Co holds 6.88M shares or 0.25% of its portfolio. Architects holds 657 shares or 0% of its portfolio. Guggenheim Ltd has 31,838 shares for 0% of their US portfolio. Morgan Stanley holds 0.01% or 606,369 shares in its portfolio. Chicago Equity Partners Ltd reported 15,550 shares or 0.01% of all its holdings. West Oak Capital Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Dreman Value Mgmt L L C last reported 0.1% of its portfolio in the stock. Amalgamated Comml Bank owns 11,818 shares or 0.02% of their US portfolio. Credit Suisse Ag has 92,860 shares for 0% of their US portfolio. Dekabank Deutsche Girozentrale last reported 1,052 shares in the company.
PBF Energy Inc. is a holding company. The company has a market cap of $2.67 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 Nasdaq.com which published an article titled: “PBF Energy Inc. (PBF) Ex-Dividend Date Scheduled for November 04, 2016” on November 03, 2016.
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