Economy

PBF Energy (PBF) Getting Somewhat Positive Press Coverage, Study Finds

On July 17 Citigroup kept the company rating at "Buy" and lowered the price expectation from $48.00 to $33.50.

A number of other research firms have also recently issued reports on PBF. Zacks Investment Research upgraded shares of PBF Energy from a sell rating to a hold rating in a research note on Friday, July 28th. On June 20 the company was rated "Underperform" by Credit Suisse down from the previous "Neutral" rating. Barclays PLC reissued an "outperform" rating on shares of PBF Energy in a report on Friday, April 14th. The median target of analyst views collected by Yahoo Finance was as much as $2.46 below PBF's recent stock price. Taking a look at the relative strength indictor, we note that the 14-day RSI is now at 39.07, the 7-day stands at 26.85, and the 3-day is sitting at 7.53. When companies gear up to release the next round of quarterly earnings results, investors will be closely watching to see how profitable the overall quarter was. The firm has a 50 day moving average price of $22.31 and a 200 day moving average price of $22.19. Their 52-Week High and Low are noted here. The stock's market capitalization is 2.36B.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.09. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. Analysts expect next quarter's EPS will be $0.01 and the next full year EPS is anticipated to be $2.05.

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Over the past 50 days, PBF Energy Inc. stock's -10.95% off of the high and 9.31% removed from the low. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & global copyright and trademark law. This dividend represents a yeild of $5.29 which is the dividend as a percentage of the current share price. The ex-dividend date will be Friday the 12th of May 2017.

With these kinds of figures it is worthy to note that PBF Energy Inc. Also, insider Connor Thomas L.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The total value of its holdings increased 0.9%.

The share price of PBF Energy Inc. (NYSE:PBF) by 14,494.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The stock was bought at an average cost of $19.69 per share, for a total transaction of $984,500.00. Following the transaction, the chief executive officer now directly owns 290,000 shares in the company, valued at $5,710,100. The disclosure for this purchase can be found here.

Several hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of PBF Energy by 139.6% in the fourth quarter. Tiaa Cref Investment Management LLC grew its ownership by buying 1,128 shares an increase of 0.5% in the quarter. Sanders Morris Harris Inc. bought a new position in shares of PBF Energy during the first quarter valued at about $2,001,000. The stock price is up +6.4% over the past year. Its position stood at $4,938,000 an increase of 11.8% as of the end of the quarter. Nationwide Fund Advisors controls 210,194 shares worth $4,679,000. Finally, State Street Corp boosted its stake in shares of PBF Energy by 15.9% in the first quarter. The Company 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 Company operates through two segments: Refining and Logistics.



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