PBF Energy Inc - Class A

NYSE: PBF
$57.39
+$0.84 (+1.5%)
Closing price April 23, 2024
PBF Energy Inc. is a key player in the petroleum sector, specializing in refining and supplying a wide range of petroleum products. With operations spanning across the United States, Canada, Mexico, and other international markets, PBF Energy produces essential fuels and products such as gasoline, diesel, jet fuel, lubricants, and asphalt. Beyond production, the company offers critical services in transportation and storage, leveraging rail, truck, and marine terminaling to efficiently distribute its products. Founded in 2008 and headquartered in Parsippany, New Jersey, PBF Energy stands as a vital link in the global energy supply chain.
It has become very difficult to find many investors and analysts who are willing to stick out their necks in the oil and gas sector.
The top analyst upgrades, downgrades and initiations on Monday included Alibaba, Baidu, Blackstone, Comerica, Dollar Tree, IBM, KKR, Target, Whiting Petroleum and Williams Companies.
Exxon Mobil said this morning that profits in its downstream segment would take a couple of big hits from higher crude oil prices and losses in its derivatives trading.
The top analyst upgrades, downgrades and other research calls from Monday include AXA Equitable, Dollar General, Five Below, Macy's, SM Energy, Trade Desk and Whirlpool.
The top analyst upgrades, downgrades and other research calls from Tuesday include Bazaarvoice, General Motors, Home Depot, MGIC, Nike and T-Mobile.
While picking winners in the energy sector, and there may be many, the refiners stand out as big beneficiaries in the new tax bill.
The top analyst upgrades, downgrades and other research calls from Tuesday include American Express, ADP, Goodyear Tire, McDonald's, National Oilwell Varco, NVIDIA and Vivint Solar.
Despite the wild ride the markets have taken, the faith of insiders certainly has not been shaken. It is indeed a positive to see insiders buying shares at current levels.
July 8, 2016: Here are four stocks trading with relatively heavy volume among 12 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by nearly 9 to 1 while...
California Attorney General Kamala Harris has subpoenaed documents from the state’s major oil refiners related to an investigation into whether the companies have artificially raised retail...
Friday’s top analyst upgrades, downgrades and initiations include Apache, Baker Hughes, Jack in the Box, Rite Aid, Synchrony Financial and U.S. Steel.
Are the refiners getting up there in valuation? The answer is probably yes, but the companies have pulled back from 52-week highs and are poised to keep the winning ways going.
Exxon Mobil's troubled 155,000-barrel per day refinery in Torrance, Calif., is being sold to PBF Energy for $537.5 million.
With the refiners starting to come back, these top stocks to buy make good sense for long-term energy investors.
PBF Energy has agreed to purchase Chalmette Refining from co-owners Exxon Mobil and Petróleos de Venezuela.