PBF Energy Inc 2016 Q4 Institutional Investor Sentiment Better Than Expected

July 17, 2017 - By Nellie Frank

 PBF Energy Inc  2016 Q4 Institutional Investor Sentiment  Better Than Expected

Sentiment for PBF Energy Inc (NYSE:PBF)

PBF Energy Inc (NYSE:PBF) institutional sentiment increased to 1.14 in Q4 2016. Its up 0.25, from 0.89 in 2016Q3. The ratio is more positive, as 121 hedge funds started new or increased holdings, while 106 sold and trimmed stock positions in PBF Energy Inc. The hedge funds in our partner’s database now possess: 106.04 million shares, up from 100.23 million shares in 2016Q3. Also, the number of hedge funds holding PBF Energy Inc in their top 10 holdings was flat from 6 to 6 for the same number . Sold All: 36 Reduced: 70 Increased: 68 New Position: 53.

PBF Energy Inc. is a holding company. The company has market cap of $2.50 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 has a 12.82 P/E ratio. The Firm operates through two divisions: Refining and Logistics.

About 689,783 shares traded. PBF Energy Inc (NYSE:PBF) has declined 20.84% since July 17, 2016 and is downtrending. It has underperformed by 37.54% the S&P500.

Old West Investment Management Llc holds 7.47% of its portfolio in PBF Energy Inc for 438,362 shares. Knightsbridge Asset Management Llc owns 251,900 shares or 6.55% of their US portfolio. Moreover, Skytop Capital Management Llc has 5.88% invested in the company for 350,000 shares. The Massachusetts-based Baupost Group Llc Ma has invested 5.72% in the stock. Snow Capital Management Lp, a Pennsylvania-based fund reported 3.13 million shares.#img1#

PBF Energy Inc (NYSE:PBF) Ratings Coverage

Ratings analysis reveals 47% of PBF Energy Inc’s analysts are positive. Out of 15 Wall Street analysts rating PBF Energy Inc, 7 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $19 while the high is $49. The stock’s average target of $32.17 is 43.87% above today’s ($22.36) share price. PBF was included in 36 notes of analysts from July 24, 2015. The stock has “Sector Outperform” rating by Howard Weil on Wednesday, October 19. JP Morgan initiated the stock with “Overweight” rating in Friday, April 8 report. Morgan Stanley downgraded the shares of PBF in report on Monday, February 27 to “Equal-Weight” rating. The firm earned “Sector Perform” rating on Tuesday, April 12 by RBC Capital Markets. Goldman Sachs initiated the shares of PBF in report on Friday, September 25 with “Neutral” rating. Citigroup maintained it with “Buy” rating and $48 target in Wednesday, October 21 report. The stock has “Hold” rating by Deutsche Bank on Thursday, September 15. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. The rating was upgraded by Morgan Stanley on Monday, January 18 to “Overweight”. The company was maintained on Thursday, July 13 by Cowen & Co.

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