Today Citigroup Keeps a Buy Rating on PBF Energy (NYSE:PBF) and a $33.5 Target Price

July 18, 2017 - By Richard Conner

 Today Citigroup Keeps a Buy Rating on PBF Energy (NYSE:PBF) and a $33.5 Target Price

Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.25, from 0.89 in 2016Q3. It improved, as 36 investors sold PBF Energy Inc shares while 70 reduced holdings. 53 funds opened positions while 68 raised stakes. 106.04 million shares or 5.79% more from 100.23 million shares in 2016Q3 were reported.

Gsa Partners Limited Liability Partnership holds 0.07% of its portfolio in PBF Energy Inc (NYSE:PBF) for 43,780 shares. Da Davidson & invested in 0% or 1,135 shares. accumulated 2,903 shares or 0% of the stock. State Street Corporation reported 0.01% in PBF Energy Inc (NYSE:PBF). Nationwide Fund Advsrs invested in 0.01% or 62,811 shares. 14,400 were accumulated by Susquehanna Int Group Llp. Cushing Asset Lp reported 120,000 shares. Vanguard Gru holds 10.06M shares. Employees Retirement Association Of Colorado reported 23,390 shares. Luminus Management Limited Liability owns 0.75% invested in PBF Energy Inc (NYSE:PBF) for 1.19 million shares. Baupost Gru Ltd Liability Company Ma invested in 15.72 million shares or 5.72% of the stock. Geode Capital Management Limited Liability Co owns 767,636 shares for 0.01% of their portfolio. Loomis Sayles Ltd Partnership holds 26,876 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Corporation holds 7.36 million shares or 0.31% of its portfolio. Miles Inc holds 0.71% or 41,955 shares.

PBF Energy (NYSE:PBF) Rating Reaffirmed

New York: In an analyst report revealed to investors on Monday, 17 July, Citigroup restate their Buy rating on PBF Energy (NYSE:PBF) shares. They now have a $33.5 target price per share on the company. Citigroup’s target means a potential upside of 49.89 % from the company’s last price.

Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.25, from 0.89 in 2016Q3. It improved, as 36 investors sold PBF Energy Inc shares while 70 reduced holdings. 53 funds opened positions while 68 raised stakes. 106.04 million shares or 5.79% more from 100.23 million shares in 2016Q3 were reported.

Gsa Partners Limited Liability Partnership holds 0.07% of its portfolio in PBF Energy Inc (NYSE:PBF) for 43,780 shares. Da Davidson & invested in 0% or 1,135 shares. accumulated 2,903 shares or 0% of the stock. State Street Corporation reported 0.01% in PBF Energy Inc (NYSE:PBF). Nationwide Fund Advsrs invested in 0.01% or 62,811 shares. 14,400 were accumulated by Susquehanna Int Group Llp. Cushing Asset Lp reported 120,000 shares. Vanguard Gru holds 10.06M shares. Employees Retirement Association Of Colorado reported 23,390 shares. Luminus Management Limited Liability owns 0.75% invested in PBF Energy Inc (NYSE:PBF) for 1.19 million shares. Baupost Gru Ltd Liability Company Ma invested in 15.72 million shares or 5.72% of the stock. Geode Capital Management Limited Liability Co owns 767,636 shares for 0.01% of their portfolio. Loomis Sayles Ltd Partnership holds 26,876 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Corporation holds 7.36 million shares or 0.31% of its portfolio. Miles Inc holds 0.71% or 41,955 shares.

PBF Energy Inc (NYSE:PBF) Ratings Coverage

Among 15 analysts covering PBF Energy Inc (NYSE:PBF), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. PBF Energy Inc has $49 highest and $19 lowest target. $30.96’s average target is 38.52% above currents $22.35 stock price. PBF Energy Inc had 37 analyst reports since July 24, 2015 according to SRatingsIntel. As per Tuesday, October 11, the company rating was downgraded by Credit Suisse. Deutsche Bank maintained PBF Energy Inc (NYSE:PBF) rating on Thursday, September 15. Deutsche Bank has “Hold” rating and $27 target. The firm has “Underperform” rating given on Tuesday, June 20 by Credit Suisse. The firm has “Neutral” rating by Piper Jaffray given on Friday, May 26. On Monday, November 23 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock has “Outperform” rating by Wolfe Research on Monday, November 14. The company was upgraded on Monday, October 12 by Barclays Capital. Citigroup maintained the shares of PBF in report on Wednesday, October 21 with “Buy” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, January 18 report. The firm earned “Neutral” rating on Wednesday, April 5 by Goldman Sachs.

The stock increased 1.18% or $0.26 on July 17, reaching $22.35. About shares traded. PBF Energy Inc (NYSE:PBF) has declined 20.84% since July 18, 2016 and is downtrending. It has underperformed by 37.54% the S&P500.

PBF Energy Inc. is a holding company. The company has market cap of $2.48 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 12.81 P/E ratio. The Firm operates through two divisions: Refining and Logistics.

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