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Stock impact report

Why PBF Energy Inc and Other Refining Stocks Are Getting Clobbered Today [The Motley Fool]

PBF Energy Inc. Class A (PBF) 
Last pbf energy inc. class a earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.pbfenergy.com
Company Research Source: The Motley Fool
Several issues seem to be weighing on the refining sector today. Matthew DiLallo ( TMFmd19 ) Oct 19, 2018 at 1:32PM What happened Shares of PBF Energy Inc ( NYSE:PBF ) tumbled as much as 10.9% on Friday, joining a sectorwide sell-off that also saw refiners Valero Energy ( NYSE:VLO ) , Phillips 66 ( NYSE:PSX ) , Marathon Petroleum ( NYSE:MPC ) , and HollyFontier ( NYSE:HFC ) take it on the chin by sinking more than 5% at one point in the day. A trio of factors seems to be driving these declines. So what Goldman Sachs cut its rating on Valero Energy from neutral to sell while slashing its price target from $124 to $102. Driving that downgrade was the investment bank's view that Valero's earnings could come in 18% below analysts' consensus expectations in 2019. That's because a narrowing price spread between different o Show less Read more
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