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: 3,855
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
49% more call options, than puts
Call options by funds: $81M | Put options by funds: $54.4M
0.41% less ownership
Funds ownership: 75.95% [Q3] → 75.54% (-0.41%) [Q4]
9% less funds holding
Funds holding: 337 [Q3] → 307 (-30) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 127
16% less capital invested
Capital invested by funds: $2.75B [Q3] → $2.31B (-$446M) [Q4]
31% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 61
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
14%
downside
Avg. target
$29
26%
upside
High target
$35
51%
upside
7 analyst ratings
0 positive
0%
5 neutral
71%
2 negative
29%
UBS Manav Gupta 33% 1-year accuracy 5 / 15 met price target | 12%upside $26 | Neutral Maintained | 19 Feb 2025 |
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target | 8%upside $25 | Equal-Weight Maintained | 14 Feb 2025 |
JP Morgan John Royall 31% 1-year accuracy 5 / 16 met price target | 51%upside $35 | Neutral Maintained | 10 Jan 2025 |
TD Cowen Jason Gabelman 44% 1-year accuracy 12 / 27 met price target | 14%downside $20 | Sell Downgraded | 20 Dec 2024 |
Mizuho Nitin Kumar 49% 1-year accuracy 35 / 71 met price target | 34%upside $31 | Underperform Downgraded | 16 Dec 2024 |
Financial journalist opinion
Based on 10 articles about PBF published over the past 30 days
Neutral
Seeking Alpha
1 week ago
PBF Energy: Beatings Will Continue Until Crack Spreads Improve
PBF Energy's high operating costs and declining crack spreads have led to significant cash burn and a degrading balance sheet, warranting a SELL rating. The Martinez refinery fire adds further uncertainty, with no clear timeline for repairs and potential negative impacts on future cash flow. Despite a low price-to-book valuation, PBF's poor financial performance and lack of cost-effectiveness make it a less attractive investment compared to peers.
Negative
Zacks Investment Research
1 week ago
PBF Energy's Q4 Earnings Lag Estimates, Revenues Fall Y/Y
PBF Q4 earnings suffer due to lower throughput volumes and a fall in refining margins. However, this is partially offset by reduced costs and expenses.
Neutral
Seeking Alpha
1 week ago
PBF Energy Inc. (PBF) Q4 2024 Earnings Call Transcript
PBF Energy Inc. (NYSE:PBF ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Colin Murray - Investor Relations Matthew Lucey - President and Chief Executive Officer Karen Davis - Senior Vice President and Chief Financial Officer Paul Davis - Senior Vice President, Supply, Trading and Optimization Thomas O'Connor - Senior Vice President, Commodity Risk and Strategy Michael Bukowski - Senior Vice President, Head of Refining Conference Call Participants Roger Read - Wells Fargo Ryan Todd - Piper Sandler Manav Gupta - UBS Neil Mehta - Goldman Sachs John Royall - JPMorgan Jason Gabelman - TD Cowen Matthew Blair - TPH Paul Cheng - Scotiabank Operator Good day, everyone and welcome to the PBF Energy Fourth Quarter and Year-End 2024 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode and the floor will be open for questions following management's prepared remarks.
Neutral
Zacks Investment Research
1 week ago
Here's What Key Metrics Tell Us About PBF Energy (PBF) Q4 Earnings
While the top- and bottom-line numbers for PBF Energy (PBF) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 week ago
PBF Energy (PBF) Reports Q4 Loss, Tops Revenue Estimates
PBF Energy (PBF) came out with a quarterly loss of $2.82 per share versus the Zacks Consensus Estimate of a loss of $2.68. This compares to loss of $0.41 per share a year ago.
Negative
Reuters
1 week ago
PBF Energy posts third consecutive quarterly loss on falling margins
PBF Energy posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins.
Neutral
PRNewsWire
1 week ago
PBF Energy Reports Fourth Quarter and Full Year 2024 Results, Declares Dividend of $0.275 per Share
Fourth quarter loss from operations of $383.2 million (excluding special items, fourth quarter loss from operations of $427.9 million) Full year loss from operations of $699.0 million (excluding special items, full year loss from operations of $588.0 million) Declares quarterly dividend of $0.275 per share Returned more than $60 million to stockholders through dividends and share buybacks in the fourth quarter and approximately $450 million in the year PARSIPPANY, N.J. , Feb. 13, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today reported fourth quarter 2024 loss from operations of $383.2 million as compared to loss from operations of $47.2 million for the fourth quarter of 2023.
Positive
Zacks Investment Research
1 week ago
Unlocking Q4 Potential of PBF Energy (PBF): Exploring Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for PBF Energy (PBF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Negative
Zacks Investment Research
2 weeks ago
Earnings Preview: PBF Energy (PBF) Q4 Earnings Expected to Decline
PBF Energy (PBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Barrons
2 weeks ago
Refiners Would Pay Tariffs on Oil. Why Some Stocks Are Rising Anyway.
Some of the biggest names in the sector were up, even though the broader stock market was down.,
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