Snow Capital Management LP Raised Its Pbf Energy INC (PBF) Position by $12.56 Million as Stock Price Declined

October 12, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.94 in Q2 2017. Its up 0.56, from 1.38 in 2017Q1. It is positive, as 35 investors sold PBF shares while 42 reduced holdings. 59 funds opened positions while 90 raised stakes. 119.24 million shares or 9.27% more from 109.13 million shares in 2017Q1 were reported. Anchor Cap Ltd Llc invested in 0.83% or 1.02 million shares. Edge Wealth Mngmt Limited Co invested in 75 shares or 0% of the stock. Zebra Cap Limited Company invested in 10,329 shares. Us Bank De owns 9,498 shares or 0% of their US portfolio. Bessemer Grp holds 0% or 923 shares. Riverhead Cap Management Ltd Llc, Delaware-based fund reported 8,374 shares. Secor Cap Advsr LP reported 0.33% in PBF Energy Inc (NYSE:PBF). Thrivent Financial For Lutherans accumulated 22,150 shares. Bnp Paribas Arbitrage stated it has 69,451 shares. Dimensional Fund Limited Partnership has 0.09% invested in PBF Energy Inc (NYSE:PBF). Captrust Fin Advsrs accumulated 617 shares. Amalgamated Savings Bank invested 0.02% of its portfolio in PBF Energy Inc (NYSE:PBF). Blb&B Advsr Limited Company reported 9,256 shares. Profund Advsr Ltd reported 0.02% of its portfolio in PBF Energy Inc (NYSE:PBF). State Board Of Administration Of Florida Retirement Systems reported 0.01% stake.

Snow Capital Management Lp increased its stake in Pbf Energy Inc (PBF) by 18.07% based on its latest 2017Q2 regulatory filing with the SEC. Snow Capital Management Lp bought 570,748 shares as the company’s stock declined 10.10% while stock markets rallied. The institutional investor held 3.73 million shares of the integrated oil company at the end of 2017Q2, valued at $83.02 million, up from 3.16 million at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in Pbf Energy Inc for a number of months, seems to be bullish on the $2.98 billion market cap company. The stock declined 0.15% or $0.04 reaching $27 on the news. About 579,928 shares traded. PBF Energy Inc (NYSE:PBF) has declined 20.84% since October 12, 2016 and is downtrending. It has underperformed by 37.54% the S&P500.

Snow Capital Management Lp, which manages about $3.43 billion and $2.01B US Long portfolio, decreased its stake in Norwegian Cruise Line Holdings (NASDAQ:NCLH) by 724,567 shares to 9,437 shares, valued at $512,000 in 2017Q2, according to the filing. It also reduced its holding in Cypress Semiconductor Corp (NASDAQ:CY) by 3.60M shares in the quarter, leaving it with 415,918 shares, and cut its stake in Green Dot Corp (NYSE:GDOT).

More recent PBF Energy Inc (NYSE:PBF) news were published by: Prnewswire.com which released: “PBF Energy to Release Third Quarter 2017 Earnings Results” on September 19, 2017. Also Reuters.com published the news titled: “Exclusive: PBF’s split with PDVSA grows as US refiner halts direct deals” on October 11, 2017. Zacks.com‘s news article titled: “Surging Earnings Estimates Signal Good News for PBF Energy (PBF) September 15 …” with publication date: September 15, 2017 was also an interesting one.

PBF Energy Inc (NYSE:PBF) Ratings Coverage

Among 15 analysts covering PBF Energy Inc (NYSE:PBF), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. PBF Energy Inc had 46 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of PBF in report on Wednesday, August 16 with “Buy” rating. The firm has “Overweight” rating given on Friday, January 15 by Morgan Stanley. The firm has “Overweight” rating given on Monday, January 18 by Morgan Stanley. Macquarie Research initiated the shares of PBF in report on Friday, July 24 with “Outperform” rating. As per Friday, April 8, the company rating was initiated by JP Morgan. The stock of PBF Energy Inc (NYSE:PBF) earned “Hold” rating by RBC Capital Markets on Thursday, July 6. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 10. The stock of PBF Energy Inc (NYSE:PBF) has “Hold” rating given on Thursday, July 20 by RBC Capital Markets. The stock of PBF Energy Inc (NYSE:PBF) has “Buy” rating given on Monday, August 7 by Citigroup. The stock has “Hold” rating by RBC Capital Markets on Thursday, June 1.

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