Company shares last traded at $28.97 which is a tad above $26.90, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $23.19. The 50 day moving average was up by +7.68% and the 200 day average went up by +24.90%. 1,691K shares changed hands by the end of trading on Tuesday. Volume was up 9.53% over the stocks average daily volume.
Traders are feeling more bearish on shares of PBF Energy Inc. Class A recently as indicated by the rise in short interest. The firm realized a rise in short interest of 0.67% as of October 13, 2017 from the last reporting period. Short interest grew from 20,525,220 to 20,663,459 over that timeframe. The days to cover increased to 14.0 and the percentage of shorted shares is 0.19% as of October 13.
Here are a few substantial investment firms who have updated their positions. Huntington National Bank cut its ownership by shedding 576 shares a decrease of 10.2%. Huntington National Bank owns 5,098 shares worth $141,000. The value of the position overall is up by 11.9%. As of the end of the quarter Parkside Financial Bank & Trust had disposed of a total of 7 shares trimming its stake by 23.3%. The value of the total investment in PBF Energy Inc. Class A went from $1,000 to $1,000 a change of 0.0% for the reporting period.
As of quarter end Aperio Group, LLC had bought 3,306 shares growing its holdings by 13.7%. The value in dollars increased from $537,000 to $758,000 increasing 41.2% quarter to quarter. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had bought 700 shares growing its position 1.1%. The value of the investment in PBF Energy Inc. Class A went from $1,380,000 to $1,731,000 a change of $351,000 quarter over quarter.
On July 17 Citigroup made no change to the stock rating of “Buy” but lowered the price target from $48.00 to $33.50. On July 25 the company was changed to “Peer Perform” in a report from Wolfe Research a cut from the previous “Outperform” rating.
August 7 investment analysts at Citigroup maintained a company rating of “Buy” but moved down the price target to $33.00 from $33.50. On October 24, 2017 the stock rating was set at “Neutral” by Macquarie which was a cut from the previous “Outperform” rating.
In the market the company is trading up by 1.05% since yesterday’s close of $28.97. PBF Energy Inc. Class A also declared a dividend for shareholders paid on Thursday August 31st, 2017. The dividend payment was $0.300 per share for the quarter or $1.20 on an annualized basis. The dividend yield was $4.28. The ex-dividend date was Friday the 11th of August 2017.
As of the last earnings report the EPS was $-0.43 and is estimated to be $1.25 for the current year with 109,715,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.30 and the next full year EPS is projected to be $2.40.
PBF Energy Inc. (PBF Energy), launched on November 7, 2011, is a holding company. 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. It sells its products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations. As of December 31, 2016, it owned and operated five domestic oil refineries and related assets. As of December 31, 2016, its refineries had a combined processing capacity, known as throughput, of approximately 900,000 barrels per day (bpd) and a weighted-average Nelson Complexity Index of approximately 12.2..