Latest news with #PBFEnergyInc
Yahoo
17-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Stock Surged So High This Week
PBF Energy Inc. (NYSE:PBF) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) continued to surge this week after it was upgraded by UBS from 'Neutral' to 'Buy'. The brokerage firm also raised the stock's price target from $20 to $26, citing a strong improvement in refining fundamentals and a strong rebound in refining cracks. It must be noted that PBF managed to beat both earnings and revenue estimates in its Q1 2025 results reported earlier this month, despite posting an overall net loss. While we acknowledge the potential of PBF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PBF and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Stock Surged So High This Week
PBF Energy Inc. (NYSE:PBF) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th. Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. PBF Energy Inc. (NYSE:PBF) continued to surge this week after it was upgraded by UBS from 'Neutral' to 'Buy'. The brokerage firm also raised the stock's price target from $20 to $26, citing a strong improvement in refining fundamentals and a strong rebound in refining cracks. It must be noted that PBF managed to beat both earnings and revenue estimates in its Q1 2025 results reported earlier this month, despite posting an overall net loss. While we acknowledge the potential of PBF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PBF and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Stock is Gaining This Week
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where PBF Energy Inc. (NYSE:PBF) stands against the other energy stocks. Despite the tough market conditions and crude oil prices plunging to a multi-year low, a number of major oil and gas players have reported better-than-expected results over the last week. Shareholder returns also remained strong, with several oil supermajors sticking to their commitments to return billions of dollars in dividends and share repurchases, despite declining profits amid a bleak outlook for oil. The refining business is also proving more resilient than expected, with US Gulf Coast refiners processing Mars crude enjoying a doubling of margins YoY to some $16 per barrel. Despite a widely projected slowdown in demand, US refineries are currently operating at elevated levels, processing over 16 million bpd last week, 123,000 bpd higher than last year. However, it remains to be seen how long these levels can be maintained. Another positive news came in the form of strong financial results and forward-looking capital spending guidance from tech giants and AI pioneers, reassuring investors on the sustainability of AI spending and the consequent rise in energy demand. Mark Zuckerberg's technology firm even raised its capex guidance range from $60 billion to $65 billion to a new range of $64 billion to $72 billion, with CFO Susan Li stating in the company's Q1 earnings call: '…even with the capacity that we're bringing online in 2025, we are having a hard time meeting the demand that teams have for compute resources across the company. So we are going to continually invest meaningfully here across our infrastructure footprint..' Aerial view of an oil refinery, with smoke billowing from its chimneys. To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between May 1 and May 8, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Share Price Gains Between May 1 – May 8: 16.03% PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The share price of PBF Energy Inc. (NYSE:PBF) surged this week despite the company posting a net loss, as the fire at its Martinez refinery in California and other turnaround activities weighed on refining margins. However, the company's adjusted EPS of -$3.09 still managed to top estimates by $0.2, while its revenue of $7 billion also beat expectations by $464.4 million. Despite the loss, PBF Energy maintained its quarterly dividend at $0.275 per share. Moreover, to help improve its profitability, the company has outlined $200 million of cost-saving initiatives for 2025. Overall, PBF ranks 7th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of PBF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBF but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
06-05-2025
- Business
- Yahoo
Why PBF Energy Inc. (PBF) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where PBF Energy Inc. (NYSE:PBF) stands against other Monday's best performers. The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies. The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent. Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.' He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies. Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Why PBF Energy Inc. (PBF) Soared on Monday Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy Inc. (NYSE:PBF) PBF Energy, an oil refining company, saw its share prices rally by 5.19 percent on Monday to end at $18.44 apiece as investors cheered the company's cost-saving measures to achieve profitability. In its latest earnings release, PBF Energy Inc. (NYSE:PBF) said it expects to save more than $200 million of annualized, run-rate sustainable cost savings by year-end 2025. 'Since then, we have generated over 500 cost savings ideas through more than 40 idea generation sessions. Our teams are building out these ideas with actionable, quantifiable, and measurable plans,' the company said. As a result of the ongoing measures, PBF Energy Inc. (NYSE:PBF) is now programming between $750 million and $775 million in capital expenditures. The amount excludes the costs to restore the fire damage to the Martinez Refinery last February. In the first quarter of the year, PBF Energy Inc. (NYSE:PBF) swung to an attributable net loss of $401.8 million from a net income of $106.6 million in the same period last year. Revenues declined by 18 percent to $7.07 billion from $8.64 billion year-on-year. Overall, PBF ranks 5th on our list of Monday's best performers. While we acknowledge the potential of PBF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBF but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
Yahoo
09-04-2025
- Business
- Yahoo
PBF Energy Inc. (PBF): Among Stocks Insiders Bought in April After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where PBF Energy Inc. (NYSE:PBF) stands against other stocks that insiders bought in April after Trump's tariff rollout. President Donald Trump called April 2 a 'Liberation Day' after signing an executive order that imposed a minimum 10% tariff on all U.S. imports, with some exceptions. As a result, 57 countries will face higher tariffs ranging from 11% to 50%. While general tariffs took effect on April 5, the elevated rates are set to begin on April 9. These so-called 'reciprocal tariffs' triggered retaliation from trade partners and contributed to a decline in the stock market.' On Sunday, Trump said, 'I don't want anything to go down, but sometimes you have to take medicine to fix something,' as reported by CNBC. The blue-chip companies closed the Monday market session 0.91% lower, while the broader market index closed 0.23% lower after briefly entering bear market territory during the session. The Nasdaq Composite closed 0.10% higher. Amid these tariff wars and overwhelming market uncertainty, insider trading often comes to focus. Why? When executives buy stock, it can suggest confidence in the company's future. On the other hand, insider sales don't have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company's financial health and market conditions. Today, we're focusing on stocks that insiders have been buying in April. Using Insider Monkey's insider trading screener, we identified companies where at least one insider acquired shares from April 2 to April 7. From this list, we ranked the top 20 stocks with the highest value of insider purchases. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Aerial view of an oil refinery, with smoke billowing from its chimneys. PBF Energy refines and supplies petroleum products like gasoline, diesel, jet fuel, and lubricants through its Refining and Logistics segments. The Parsippany, New Jersey-based company operates across the U.S. and internationally, offering transportation and storage services as well. It is also one of the 12 best oil refinery stocks to invest in according to analysts. This month, one insider acquired approximately $2.27 million worth of PBF Energy shares at an average price of $16.61 per share. The stock is now trading at $14.48 per share, having lost 45.46% year-to-date and 75.94% over the past 12 months. For the fourth quarter of 2024, PBF Energy disclosed a net loss of $292.6 million, compared to a net loss of $48.4 million for the fourth quarter of 2023. According to StockAnalysis, 13 analysts rate PBF Energy stock as 'Hold,' with a price target of $26.42. The average price target suggests an 82.65% upside from the latest price. Overall, PBF ranks 11th on our list of stocks that insiders bought in April after Trump's tariff rollout. While we acknowledge the potential of PBF, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PBF but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
