What’s Next for PBF Energy Inc. (PBF) After Achieving 52-Week High?

May 17, 2018 - By Margaret Downey

Investors sentiment increased to 1.49 in 2017 Q4. 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.
Glenmede Na accumulated 48,620 shares. Ims Capital reported 6,050 shares or 0.13% of all its holdings. Moreover, Century has 0.01% invested in PBF Energy Inc. (NYSE:PBF). First Allied Advisory Inc has invested 0.01% in PBF Energy Inc. (NYSE:PBF). North Star Management reported 0% of its portfolio in PBF Energy Inc. (NYSE:PBF). Nomura Holdings holds 12,774 shares or 0% of its portfolio. Rhumbline Advisers stated it has 196,050 shares or 0.01% of all its holdings. Magnetar Fincl Limited Liability Company invested in 0.02% or 22,721 shares. Federated Invsts Pa has 918,434 shares. Ameritas Inv Partners Inc reported 32,867 shares stake. Winfield Assocs has 0% invested in PBF Energy Inc. (NYSE:PBF). 126,616 were accumulated by Comerica Securities Inc. State Of Wisconsin Inv Board, Wisconsin-based fund reported 22,559 shares. Parametric Port Associates Lc owns 1.09 million shares. Amundi Pioneer Asset Mngmt reported 0% in PBF Energy Inc. (NYSE:PBF).

The stock of PBF Energy Inc. (NYSE:PBF) hit a new 52-week high and has $46.30 target or 4.00 % above today’s $44.52 share price. The 5 months bullish chart indicates low risk for the $5.14B company. The 1-year high was reported on May, 17 by Barchart.com. If the $46.30 price target is reached, the company will be worth $205.64 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 increased 5.77% or $2.43 during the last trading session, reaching $44.52. About 2.30 million shares traded or 8.33% up from the average. PBF Energy Inc. (NYSE:PBF) has risen 56.85% since May 17, 2017 and is uptrending. It has outperformed by 45.30% the S&P500.

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on August, 2. They expect $1.38 earnings per share, up 2,400.00 % or $1.44 from last year’s $-0.06 per share. PBF’s profit will be $159.36M for 8.07 P/E if the $1.38 EPS becomes a reality. After $-0.29 actual earnings per share reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -575.86 % EPS growth.

PBF Energy Inc. (NYSE:PBF) Ratings Coverage

Among 11 analysts covering PBF Energy (NYSE:PBF), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. PBF Energy had 17 analyst reports since November 28, 2017 according to SRatingsIntel. The rating was downgraded by Howard Weil on Wednesday, April 11 to “Sector Perform”. Scotia Capital maintained it with “Buy” rating and $41.0 target in Wednesday, January 10 report. Goldman Sachs downgraded the shares of PBF in report on Tuesday, November 28 to “Sell” rating. The rating was maintained by JP Morgan with “Underweight” on Monday, April 9. The firm has “Market Perform” rating given on Friday, February 16 by Cowen & Co. The company was downgraded on Wednesday, April 11 by Scotia Capital. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 15. The firm has “Hold” rating given on Wednesday, December 20 by RBC Capital Markets. The company was maintained on Monday, April 16 by Morgan Stanley. The stock of PBF Energy Inc. (NYSE:PBF) has “Buy” rating given on Thursday, December 21 by Scotia Capital.

More recent PBF Energy Inc. (NYSE:PBF) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. Also Seekingalpha.com published the news titled: “PBF Energy (PBF) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Masco, Murphy Oil, NGL Energy Partners LP, PBF Energy, PDL …” with publication date: May 08, 2018 was also an interesting one.

PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. The company has market cap of $5.14 billion. The firm operates through two divisions, Refining and Logistics. It has a 11.94 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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