PBF Energy (PBF)

• Market cap: $2.9B
• 1 day: -1.22%
• 5 days: -12.25%
• 1 month: -20.49%
• 3 months: -21.46%
• 6 months: -43.11%
• Year to date: -43.36%
• 1 year: -44.44%
• 5 years: -20.44%
• 10 years: -1.99%
• Sector: Energy
• Industry: Petroleum Refining

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 Q3 regulatory filings by fund managers ($100M+ AUM)

27% more call options, than puts

Call options by funds: $72.1M | Put options by funds: $56.7M

4.77% less ownership

Funds ownership: 79.93% [Q2] → 75.16% (-4.77%) [Q3]

14% less funds holding

Funds holding: 388 [Q2] → 335 (-53) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 140

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

38% less capital invested

Capital invested by funds: $4.36B [Q2] → $2.72B (-$1.64B) [Q3]

53% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 100

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20 20% downside
• Avg. target: $31 24% upside
• High target: $40 59% upside

8 analyst ratings

• positive: 0 0%
• neutral: 5 63%
• negative: 3 38%

TD Cowen Jason Gabelman 32% 1-year accuracy 9 / 28 met price target	20% downside $20	Sell Downgraded	20 Dec 2024
Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target	23% upside $31	Underperform Downgraded	16 Dec 2024
Goldman Sachs Neil Mehta 51% 1-year accuracy 21 / 41 met price target	35% upside $34	Neutral Maintained	10 Dec 2024
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target	35% upside $34	Equal-Weight Downgraded	9 Dec 2024
B of A Securities Jean Ann Salisbury 64% 1-year accuracy 9 / 14 met price target	1% downside $25	Underperform Reinstated	17 Oct 2024