PBF Energy
About: PBF Energy Inc 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 owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.
Employees: 3,776
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more call options, than puts
Call options by funds: $106M | Put options by funds: $83.1M
1% more funds holding
Funds holding: 382 [Q1] → 387 (+5) [Q2]
8% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 59
1% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 139
3.94% less ownership
Funds ownership: 82.7% [Q1] → 78.76% (-3.94%) [Q2]
24% less capital invested
Capital invested by funds: $5.69B [Q1] → $4.3B (-$1.39B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
B of A Securities Jean Ann Salisbury 50% 1-year accuracy 1 / 2 met price target | 26%downside $25 | Underperform Reinstated | 17 Oct 2024 |
Scotiabank Paul Cheng 9% 1-year accuracy 3 / 35 met price target | 8%downside $31 | Sector Perform Maintained | 10 Oct 2024 |
Wells Fargo Roger Read 37% 1-year accuracy 26 / 71 met price target | 16%upside $39 | Overweight Maintained | 9 Oct 2024 |
Mizuho Nitin Kumar 20% 1-year accuracy 13 / 66 met price target | 7%upside $36 | Neutral Maintained | 9 Oct 2024 |
Goldman Sachs Neil Mehta 37% 1-year accuracy 10 / 27 met price target | 16%upside $39 | Neutral Maintained | 4 Oct 2024 |