PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. The company owns and operates six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
IPO Year: 2012
Exchange: NYSE
Website: pbfenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $32.00 → $27.00 | Hold | TD Cowen |
| 10/17/2024 | $25.00 | Underperform | BofA Securities |
| 10/4/2024 | $42.00 → $35.00 | Outperform → Market Perform | BMO Capital Markets |
| 10/2/2024 | $53.00 → $40.00 | Overweight → Neutral | JP Morgan |
| 9/20/2024 | $47.00 → $25.00 | Neutral → Underweight | Piper Sandler |
| 9/9/2024 | Hold → Sell | Tudor, Pickering, Holt & Co. | |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 5/3/2024 | $54.00 → $45.00 | Hold | TD Cowen |
| 3/22/2024 | $53.00 → $58.00 | Buy → Neutral | Mizuho |
| 3/15/2024 | $52.00 → $74.00 | Neutral → Buy | BofA Securities |
Third quarter loss from operations of $386.3 million (excluding special items, third quarter loss from operations of $231.5 million)Announces 10% increase to quarterly dividend to $0.275 per shareThird quarter 2024 share repurchases of approximately 2.0 million shares for approximately $75 millionPARSIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2024 loss from operations of $386.3 million as compared to income from operations of $1,077.1 million for the third quarter of 2023. Excluding special items, third quarter 2024 loss from operations was $231.5 million as compared to income from operations of $1,145.6 million for the third quarter o
PARSIPPANY, N.J., Sept. 3, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2024 on Thursday, October 31, 2024. The company will host a conference call and webcast regarding results and other business matters on Thursday, October 31, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF3Q24. The audio replay will be available approximately t
Second quarter loss from operations of $74.6 million (excluding special items, second quarter loss from operations of $72.5 million)Announces quarterly dividend of $0.25 per shareSecond quarter 2024 share repurchases of approximately 2.0 million shares for approximately $100 millionPARSIPPANY, N.J., Aug. 1, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2024 loss from operations of $74.6 million as compared to income from operations of $1,389.2 million for the second quarter of 2023. Excluding special items, second quarter 2024 loss from operations was $72.5 million as compared to income from operations of $403.7 million for the second quarter of 2023.
PARSIPPANY, N.J., June 14, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the second quarter 2024 on Thursday, August 1, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, August 1, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF2Q24. The audio replay will be availabl
Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's ((PBF) (Parsippany, New Jersey) Chalmette Refinery in Chalmette, Louisiana, which has
First quarter income from operations of $145.1 million (excluding special items, first quarter income from operations of $143.9 million)Announces quarterly dividend of $0.25 per shareFirst quarter 2024 share repurchases of approximately 2.6 million shares for approximately $125 millionPARSIPPANY, N.J., May 2, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported first quarter 2024 income from operations of $145.1 million as compared to income from operations of $532.4 million for the first quarter of 2023. Excluding special items, first quarter 2024 income from operations was $143.9 million as compared to income from operations of $514.4 million for the first quarter of 2023.
PARSIPPANY, N.J., March 18, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the first quarter 2024 on Thursday, May 2, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, May 2, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed through PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF1Q. The audio replay will be available a
Fourth quarter loss from operations of $47.2 million (excluding special items, fourth quarter loss from operations of $46.1 million)Full year income from operations of $2,951.5 million (excluding special items, full year income from operations of $2,017.6 million)Year-ending consolidated cash balance of approximately $1.8 billionReturned more than $180 million to stockholders through dividends and share buybacks in the fourth quarter and approximately $640 million in the yearIncreased total outstanding share repurchase authorization to over $1 billion with new $750 million approvalPARSIPPANY, N.J., Feb. 15, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported fourth quarter 2023 lo
PARSIPPANY, N.J., Dec. 6, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the fourth quarter and full-year 2023 on Thursday, February 15, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, February 15, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available app
PARSIPPANY, N.J., Aug. 25, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2023 on Thursday, November 2, 2023. The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, November 2, 2023, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (877) 869-3847 or (201) 689-8261. The audio replay will be available approximately two hours after
Throughout the last three months, 7 analysts have evaluated PBF Energy (NYSE:PBF), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 0 0 0 0 1M Ago 0 1 3 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $52.71, a high estimate of $66.00, and a low estimate of $45.00. This current average represents a 10
Wolfe Research analyst Doug Leggate reinstates PBF Energy (NYSE:PBF) with a Peer Perform.
Scotiabank analyst Paul Cheng maintains PBF Energy (NYSE:PBF) with a Sector Perform and lowers the price target from $56 to $45.
PBF Energy's (NYSE:PBF) short percent of float has fallen 10.0% since its last report. The company recently reported that it has 9.94 million shares sold short, which is 11.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.31 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
JP Morgan analyst John Royall maintains PBF Energy (NYSE:PBF) with a Overweight and lowers the price target from $58 to $53.
In the latest quarter, 8 analysts provided ratings for PBF Energy (NYSE:PBF), showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 6 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $57.38, a high estimate of $71.00, and a low estimate of $47.00. This current average reflects an increase of 1.77
Goldman Sachs analyst Neil Mehta maintains PBF Energy (NYSE:PBF) with a Neutral and lowers the price target from $57 to $50.
Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. PBF Energy The Trade: PBF Energy Inc. (NYSE:PBF) 10% owner Empresarial de Capitales S.A. de C.V. acquired a total of 700,000
Although U.S. stocks closed mixed on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Domo The Trade: Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III acquired a total of 400,000 shares at an average p
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. PBF Energy The Trade: PBF Energy Inc. (NYSE:PBF) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total o
TD Cowen reiterated coverage of PBF Energy with a rating of Hold and set a new price target of $27.00 from $32.00 previously
BofA Securities resumed coverage of PBF Energy with a rating of Underperform and set a new price target of $25.00
BMO Capital Markets downgraded PBF Energy from Outperform to Market Perform and set a new price target of $35.00 from $42.00 previously
JP Morgan downgraded PBF Energy from Overweight to Neutral and set a new price target of $40.00 from $53.00 previously
Piper Sandler downgraded PBF Energy from Neutral to Underweight and set a new price target of $25.00 from $47.00 previously
Tudor, Pickering, Holt & Co. downgraded PBF Energy from Hold to Sell
Wolfe Research resumed coverage of PBF Energy with a rating of Peer Perform
TD Cowen reiterated coverage of PBF Energy with a rating of Hold and set a new price target of $45.00 from $54.00 previously
Mizuho downgraded PBF Energy from Buy to Neutral and set a new price target of $58.00 from $53.00 previously
BofA Securities upgraded PBF Energy from Neutral to Buy and set a new price target of $74.00 from $52.00 previously
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The U.S. Energy Information Administration (EIA) recently reported annual production of U.S. petroleum coke (petcoke) remained relatively unchanged from 2014 through 2023, averaging 46 million tons, according to U.S. Census Bureau data. Petcoke, which is extracted from petroleum during the refining process, isn't a popular product in the U.S. due to its high carbon content, but it is popular overseas because of its high heat content and low price. Indeed, almost 90% of the petcoke produced in the U.S. in 2023 was exported. Industrial Info is tracking more than $830 million worth of active and proposed projects for petroleum-coking units across the U.S., the bulk of which are for unit upgr
PARSIPPANY, N.J., Nov. 18, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the TD Cowen Energy Conference on November 19, 2024. Any company presentation materials will be made available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com. About PBF Energy Inc.PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Ou
Third quarter loss from operations of $386.3 million (excluding special items, third quarter loss from operations of $231.5 million)Announces 10% increase to quarterly dividend to $0.275 per shareThird quarter 2024 share repurchases of approximately 2.0 million shares for approximately $75 millionPARSIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported third quarter 2024 loss from operations of $386.3 million as compared to income from operations of $1,077.1 million for the third quarter of 2023. Excluding special items, third quarter 2024 loss from operations was $231.5 million as compared to income from operations of $1,145.6 million for the third quarter o
PARSIPPANY, N.J., Sept. 3, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2024 on Thursday, October 31, 2024. The company will host a conference call and webcast regarding results and other business matters on Thursday, October 31, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF3Q24. The audio replay will be available approximately t
Second quarter loss from operations of $74.6 million (excluding special items, second quarter loss from operations of $72.5 million)Announces quarterly dividend of $0.25 per shareSecond quarter 2024 share repurchases of approximately 2.0 million shares for approximately $100 millionPARSIPPANY, N.J., Aug. 1, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported second quarter 2024 loss from operations of $74.6 million as compared to income from operations of $1,389.2 million for the second quarter of 2023. Excluding special items, second quarter 2024 loss from operations was $72.5 million as compared to income from operations of $403.7 million for the second quarter of 2023.
PARSIPPANY, N.J., June 14, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the second quarter 2024 on Thursday, August 1, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, August 1, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed on PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF2Q24. The audio replay will be availabl
PARSIPPANY, N.J., June 13, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that members of its management team will participate in the J.P. Morgan Energy, Power and Renewables Conference on June 18, 2024. Any company presentation materials will be made available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com. About PBF Energy Inc.PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, Ne
Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's ((PBF) (Parsippany, New Jersey) Chalmette Refinery in Chalmette, Louisiana, which has
First quarter income from operations of $145.1 million (excluding special items, first quarter income from operations of $143.9 million)Announces quarterly dividend of $0.25 per shareFirst quarter 2024 share repurchases of approximately 2.6 million shares for approximately $125 millionPARSIPPANY, N.J., May 2, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today reported first quarter 2024 income from operations of $145.1 million as compared to income from operations of $532.4 million for the first quarter of 2023. Excluding special items, first quarter 2024 income from operations was $143.9 million as compared to income from operations of $514.4 million for the first quarter of 2023.
PARSIPPANY, N.J., March 18, 2024 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the first quarter 2024 on Thursday, May 2, 2024. The company will host a conference call and webcast regarding quarterly and annual results and other business matters on Thursday, May 2, 2024, at 8:30 a.m. ET. The call is being webcast and can be accessed through PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 579-2543 or (785) 424-1789, Conference ID: PBF1Q. The audio replay will be available a
NYSE American: UEC CORPUS CHRISTI, Texas, March 20, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE:UEC) (the "Company" or "UEC") is pleased to announce the appointment of Trecia Canty to the Company's Board of Directors. Trecia Canty has over 25 years of experience in finance, strategic transactions, corporate governance, compliance, enterprise risk and ESG and has extensive energy industry experience, including exploration and production, public utilities, pipelines and related businesses in the United States and Canada. Ms. Canty is presently the Senior Vice President, General Counsel and Corporate Secretary and a member of the Executive Committee of PBF Energy Inc. (NYSE:PBF), a Fortune 2
PARSIPPANY, N.J., March 14, 2023 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Georganne Hodges and Damian W. Wilmot have been appointed as independent directors effective as of March 15, 2023. Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer, commented, "We are very pleased to have Georganne and Damian join the Board of Directors of PBF Energy. Georganne has over 30 years of energy industry and financial expertise, and Damian has led cross-functional teams across a variety of disciplines, including regulatory, risk management and compliance. Th
PARSIPPANY, N.J., Dec. 21, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Lawrence M. Ziemba has been elected as an independent director effective January 1, 2023. Thomas J. Nimbley, Chairman of the Board and Chief Executive Officer, commented, "We are very pleased to have Larry join the Board of Directors of PBF Energy. Having served on the board of our logistics subsidiary, Larry has deep knowledge of PBF's operations and, with his extensive industry experience, will be a valuable contributor to the Board." From December 2019 to December 2022, Mr. Ziemba se
PARSIPPANY, N.J., Nov. 29, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) today announced that independent director, Robert Lavinia, has announced his retirement from the Board of Directors effective December 31, 2022. Tom Nimbley, PBF Energy's Chairman and CEO, said, "Bob has provided invaluable counsel to the management team, and on behalf of the Board of Directors and management, I would like to thank him for his outstanding service and contributions as a director and wish him well in his retirement." About PBF Energy PBF Energy Inc. (NYSE:PBF) is one of the largest inde
PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022. Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board." Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel
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