Cibc World Markets Trimmed Its Albemarle Com (ALB) Holding; PBF Logistics LP (PBFX) Had 3 Analysts Last Week

June 14, 2018 - By Adrian Erickson

PBF Logistics LP (NYSE:PBFX) Logo

Among 5 analysts covering PBF Logistics (NYSE:PBFX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. PBF Logistics had 10 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, March 27 with “Buy”. Raymond James initiated it with “Outperform” rating and $21 target in Thursday, April 21 report. The firm earned “Equal Weight” rating on Friday, February 12 by Barclays Capital. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 11. The firm has “Buy” rating given on Tuesday, October 17 by UBS. Credit Suisse downgraded PBF Logistics LP (NYSE:PBFX) on Tuesday, October 13 to “Neutral” rating. Credit Suisse initiated the stock with “Neutral” rating in Monday, October 26 report. The firm has “Outperform” rating by Credit Suisse given on Friday, July 31. See PBF Logistics LP (NYSE:PBFX) latest ratings:

27/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $25 New Target: $22.5 Maintain

Cibc World Markets Corp decreased Albemarle Corp Com (ALB) stake by 35.95% reported in 2018Q1 SEC filing. Cibc World Markets Corp sold 8,049 shares as Albemarle Corp Com (ALB)’s stock declined 13.88%. The Cibc World Markets Corp holds 14,342 shares with $1.33 million value, down from 22,391 last quarter. Albemarle Corp Com now has $10.35B valuation. The stock decreased 0.43% or $0.4 during the last trading session, reaching $93.44. About 837,348 shares traded. Albemarle Corporation (NYSE:ALB) has declined 15.78% since June 14, 2017 and is downtrending. It has underperformed by 28.35% the S&P500. Some Historical ALB News: ; 07/05/2018 – Albemarle Named to Corporate Responsibility Magazine’s 100 Best Corporate Citizens List; 17/05/2018 – ALBEMARLE OUTLOOK STABLE BY FITCH; 24/04/2018 – Albemarle at Goldman Sachs Basic Materials Conference May 15; 19/04/2018 – LARA: Albemarle Corporation in South Haven Named a MIOSHA Star Site a Second Time for Exemplary Worker Safety; 09/05/2018 – ALBEMARLE 1Q ADJ EPS CONT OPS $1.30, EST. $1.21; 17/05/2018 – ALBEMARLE RASIED TO BBB FROM BBB- BY FITCH; 09/05/2018 – ALBEMARLE CORP – SEES 2018 NET SALES OF $3.2 BLN – $3.4 BLN; 22/03/2018 – New Chilean Government Spells Lithium Mining Boom: The White Gold Rush; 10/05/2018 – ALBEMARLE LITHIUM EXPANSION PLAN NOT ABOUT MARKET SHARE GAIN, AIMED AT MEETING LONG-TERM COMMITMENT TO CUSTOMERS – CEO; 19/04/2018 – ALBEMARLE DECLARES FORCE MAJEURE DUE TO SHORTAGE OF KEY RAW

Investors sentiment decreased to 0.41 in Q1 2018. Its down 1.03, from 1.44 in 2017Q4. It fall, as 7 investors sold PBF Logistics LP shares while 20 reduced holdings. 4 funds opened positions while 7 raised stakes. 13.45 million shares or 4.20% less from 14.04 million shares in 2017Q4 were reported. Arrow Advisors Limited Liability holds 0.18% or 32,646 shares in its portfolio. Meristem Llp owns 0.07% invested in PBF Logistics LP (NYSE:PBFX) for 10,000 shares. 23,400 are owned by M&T Comml Bank Corporation. Raymond James And Assocs has invested 0% in PBF Logistics LP (NYSE:PBFX). Metropolitan Life Ins New York owns 114,774 shares or 0% of their US portfolio. Nbw Cap Ltd Com stated it has 2.1% in PBF Logistics LP (NYSE:PBFX). Avalon Advisors Ltd Co stated it has 0.02% in PBF Logistics LP (NYSE:PBFX). Hotchkis Wiley Cap Ltd Liability accumulated 60,722 shares or 0% of the stock. Wells Fargo Com Mn has 0% invested in PBF Logistics LP (NYSE:PBFX). Moreover, Atlantic Grp has 0.05% invested in PBF Logistics LP (NYSE:PBFX). Harvest Fund Advsrs Ltd Liability Co has invested 0.28% in PBF Logistics LP (NYSE:PBFX). Fort Washington Advsr Oh stated it has 0% of its portfolio in PBF Logistics LP (NYSE:PBFX). Renaissance Tech Limited Co stated it has 0% of its portfolio in PBF Logistics LP (NYSE:PBFX). Advantus Cap Management Inc invested in 100,196 shares. Clearbridge Ltd Liability Co holds 0.07% or 3.83M shares in its portfolio.

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. The company has market cap of $898.35 million. It operates through two divisions, Transportation and Terminaling, and Storage. It has a 10.41 P/E ratio. The companyÂ’s assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck terminal, a crude oil truck unloading terminal that serves Toledo refinery; DCR West Rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.

The stock increased 0.71% or $0.15 during the last trading session, reaching $21.4. About 43,421 shares traded. PBF Logistics LP (NYSE:PBFX) has declined 1.50% since June 14, 2017 and is downtrending. It has underperformed by 14.07% the S&P500. Some Historical PBFX News: ; 05/03/2018 PBF Energy to Attend Bank of America Merrill Lynch Refining Conference; 16/04/2018 – PBF LOGISTICS LP – TOTAL INVESTMENT OF $125.4 MLN; 19/04/2018 – DJ PBF Logistics LP, Inst Holders, 1Q 2018 (PBFX); 16/03/2018 – PBF Logistics Announces Availability of 2017 K-1 Tax Packages; 16/04/2018 – PBF LOGISTICS LP – DEAL FOR TOTAL CONSIDERATION OF $125.4 MLN, INCLUDING ACQUISITIONS AND INVESTMENTS; 16/04/2018 – PBF LOGISTICS LP – CUMMINS TERMINAL ASSETS INCLUDE EAST AND WEST TERMINALS CONSISTING OF TWO TRUCK LOADING FACILITIES WITH NINE LOADING BAYS; 16/04/2018 – PBF Logistics Announces Multi-Asset Growth Acquisitions; 16/04/2018 – PBF LOGISTICS LP – PARTNERSHIP REACHED AGREEMENT TO ACQUIRE SEVERAL DEVELOPMENT ASSETS FROM SUBSIDIARIES OF PBF ENERGY INC, ITS SPONSOR; 16/04/2018 – PBF LOGISTICS LP – DEAL EXPECTED TO BE FINANCED THROUGH CASH ON HAND, BORROWINGS UNDER PARTNERSHIP’S REVOLVING CREDIT FACILITY & EQUITY ISSUED TO PBF ENERGY; 16/04/2018 – PBF LOGISTICS LP – PBF LOGISTICS ACQUIRED, THIRD-PARTY CUMMINS TERMINAL, LOCATED IN KNOXVILLE

Another recent and important PBF Logistics LP (NYSE:PBFX) news was published by Prnewswire.com which published an article titled: “PBF Energy to Attend the Wells Fargo West Coast Energy Conference” on June 08, 2018.

Since June 5, 2018, it had 1 insider buy, and 0 sales for $13,358 activity. Jones Bruce A. also bought $13,358 worth of PBF Logistics LP (NYSE:PBFX) on Tuesday, June 5.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.02, from 1.01 in 2017Q4. It worsened, as 82 investors sold ALB shares while 156 reduced holdings. 72 funds opened positions while 163 raised stakes. 93.28 million shares or 0.45% more from 92.86 million shares in 2017Q4 were reported. Price T Rowe Associate Md holds 0% or 183,724 shares in its portfolio. Gabelli Funds Ltd Limited Liability Company stated it has 100,500 shares or 0.06% of all its holdings. Point72 Asia (Hong Kong) Limited has 0.08% invested in Albemarle Corporation (NYSE:ALB). 23,108 are owned by Lpl Finance Ltd Liability Co. Bnp Paribas Arbitrage holds 112,071 shares. Shell Asset holds 0.01% or 7,115 shares. Voloridge Invest Mngmt Ltd reported 80,570 shares stake. Advantus Capital Management has 0.03% invested in Albemarle Corporation (NYSE:ALB). Everence Cap Mgmt owns 3,093 shares or 0.06% of their US portfolio. Principal Grp has 741,798 shares. Meiji Yasuda Asset Mgmt Ltd holds 3,900 shares. Congress Asset Mngmt Co Ma reported 0.08% in Albemarle Corporation (NYSE:ALB). Ontario Teachers Pension Plan Board accumulated 23,289 shares or 0.03% of the stock. Moreover, Mitchell Mcleod Pugh And Williams has 0.23% invested in Albemarle Corporation (NYSE:ALB). Oppenheimer And accumulated 22,073 shares.

Cibc World Markets Corp increased Spdr S&P 500 Etf Tr (Call) stake by 508,100 shares to 929,100 valued at $244.49M in 2018Q1. It also upped Xylem Inc Com (NYSE:XYL) stake by 8,687 shares and now owns 45,013 shares. Avago Technologies Ltd (NASDAQ:AVGO) was raised too.

More notable recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Lithium revival across the US” on June 13, 2018, also Globenewswire.com with their article: “Detailed Research: Economic Perspectives on Och-Ziff Capital Management Group, Axalta Coating, Trinity Industries …” published on June 13, 2018, Seekingalpha.com published: “Wall Street Breakfast: Fed Day Comes Round Again” on June 13, 2018. More interesting news about Albemarle Corporation (NYSE:ALB) were released by: Fool.com and their article: “SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Results in Q1?” published on May 30, 2018 as well as Seekingalpha.com‘s news article titled: “Honeywell, Dover among companies exiting Iran presence before sanctions” with publication date: June 05, 2018.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, August 20, the company rating was maintained by Deutsche Bank. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by RBC Capital Markets on Thursday, November 9. The company was maintained on Thursday, May 12 by Deutsche Bank. On Friday, August 7 the stock rating was upgraded by SunTrust to “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, April 5. The firm earned “Buy” rating on Monday, October 23 by Jefferies. The firm earned “Neutral” rating on Tuesday, February 23 by JP Morgan. As per Monday, May 8, the company rating was maintained by RBC Capital Markets. Seaport Global upgraded the stock to “Buy” rating in Tuesday, March 6 report. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Suntrust Robinson on Friday, August 7.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on August, 6. They expect $1.26 EPS, up 11.50% or $0.13 from last year’s $1.13 per share. ALB’s profit will be $139.57M for 18.54 P/E if the $1.26 EPS becomes a reality. After $1.30 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -3.08% negative EPS growth.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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