UP!
| Traded as | NYSE: PBF |
|---|---|
| Industry | Petroleum industry |
| Founded | 2008 |
| Headquarters | Parsippany, United States |
|
Key people
|
Thomas J. Nimbley, CEO; Matthew C. Lucey, Vice President, Finance; |
| Website | http://www.pbfenergy.com/ |
PBF Energy (NYSE: PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. Headquartered in Parsippany, New Jersey, the company's refineries include facilities in Chalmette, Louisiana, Toledo, Ohio, Port of Paulsboro in Gibbstown, New Jersey, the Delaware City Refinery in Delaware City, and the former ExxonMobil refinery in Torrance, California. PBF produces a range of products including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt.
PBF was formed in 2008 as a joint venture by Petroplus Holdings and the private equity companies Blackstone Group and First Reserve, each committing $667 million in equity. In September 2010 Petroplus announced plans to sell its 32.62 percent stake to its partners for $91 million as PBF acquired the Paulsboro refinery from Valero Energy. PBF then acquired the Toledo refinery from Sunoco in December 2010 for approximately $400 million. PBF went public in December 2012 with a $533 million initial public offering.
In 2015 PBF acquired the 189,000 BPD Chalmette, Louisiana refinery from ExxonMobil and its partner, the state-owned Petroleos de Venezuela, for $322 million, in a deal that included interests in chemical facilities, pipelines and other assets at the site located just ten minutes from downtown New Orleans.
In July 2016, PBF acquired the 155,000 BPD ExxonMobil refinery in Torrance, California for $537.5M. The acquisition included ownership interests in several crude gathering and transportation pipelines, product pipelines, products terminals and crude and products storage facilities, and increased PBF's total throughput capacity to approximately 900,000 barrels per day, making it the fourth largest independent refiner in North America.
PBF's refineries in Paulsboro (NJ) and Delaware City (DE) have been cited by environmentalists for processing crude oil from the Amazon River Basin in South America. In 2015, the Delaware City refinery was processing more than 3,300 barrels per day of crude originating in the Amazon.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-26 | Future report Set alerts | |
| Q2 2022 | 2022-07-28 | 10.58 | 10.58 |
| Q1 2022 | 2022-04-28 | 0.35 | 0.35 |
| Q4 2021 | 2022-02-10 | 1.28 | 1.28 |
| Q3 2021 | 2021-10-28 | 0.12 | 0.12 |
| Q2 2021 | 2021-07-29 | -1.26 | -1.26 |
| Q1 2021 | 2021-04-29 | -2.61 | -2.61 |
| Q4 2020 | 2021-02-11 | -4.53 | -4.53 |
| Q3 2020 | 2020-10-29 | -2.87 | -2.87 |
| Q2 2020 | 2020-07-31 | -3.19 | -3.19 |
| 2016-07-11 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $33.00 to $21.00 |
| 2016-07-11 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
| 2016-06-29 | Downgrade | Goldman Sachs | Buy to Neutral | $37.00 to $26.00 |
| 2016-06-29 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $37.00 to $26.00 |
| 2016-06-20 | Downgrade | Wolfe Research | Outperform to Market Perform | |
| 2016-06-16 | Reiterated Rating | Credit Suisse | Buy | $32.00 |
| 2016-06-16 | Reiterated Rating | Credit Suisse Group AG | Buy | $32.00 |
| 2016-06-12 | Reiterated Rating | JPMorgan Chase & Co. | Buy | |
| 2016-06-10 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $35.00 to $33.00 |
| 2016-04-27 | Reiterated Rating | Goldman Sachs | Buy | |
| 2016-04-25 | Lower Price Target | Credit Suisse | Outperform | $39.00 to $38.00 |
| 2016-04-12 | Boost Price Target | Simmons | $27.00 to $28.00 | |
| 2016-04-12 | Lower Price Target | Credit Suisse | $44.00 to $39.00 | |
| 2016-04-12 | Initiated Coverage | RBC Capital | Sector Perform | $33.00 |
| 2016-04-12 | Initiated Coverage | Royal Bank Of Canada | Sector Perform | $33.00 |
| 2016-04-08 | Lower Price Target | Barclays | $36.00 to $35.00 | |
| 2016-04-08 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $40.00 |
| 2016-04-08 | Lower Price Target | Barclays PLC | $36.00 to $35.00 | |
| 2016-03-28 | Downgrade | Raymond James | Outperform to Market Perform | |
| 2016-03-28 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
| 2016-03-21 | Reiterated Rating | Goldman Sachs | Buy | |
| 2016-03-03 | Upgrade | Bank of America | Underperform to Neutral | $34.00 |
| 2016-03-03 | Upgrade | Bank of America Corp. | Underperform to Neutral | $34.00 |
| 2016-02-16 | Boost Price Target | Credit Suisse | Outperform | $40.00 to $44.00 |
| 2016-01-26 | Boost Price Target | Deutsche Bank | Hold | $40.00 to $44.00 |
| 2016-01-26 | Boost Price Target | Deutsche Bank AG | Hold | $40.00 to $44.00 |
| 2016-01-15 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $49.00 |
| 2015-12-02 | Boost Price Target | Credit Suisse | Outperform | $42.00 to $47.00 |
| 2015-11-23 | Upgrade | Goldman Sachs | Neutral to Buy | $39.00 to $48.00 |
| 2015-11-10 | Lower Price Target | Deutsche Bank | Hold | $41.00 to $40.00 |
| 2015-11-02 | Boost Price Target | Credit Suisse | Outperform | $39.00 to $42.00 |
| 2015-10-22 | Reiterated Rating | Citigroup Inc. | Buy | $48.00 |
| 2015-10-12 | Upgrade | Barclays | Underweight to Equal Weight | $32.00 to $38.00 |
| 2015-09-24 | Initiated Coverage | Goldman Sachs | Neutral | $32.00 |
| 2015-08-03 | Boost Price Target | Barclays | Underweight | $30.00 to $32.00 |
| 2015-07-24 | Initiated Coverage | Macquarie | Outperform | $40.00 |
| 2015-07-13 | Boost Price Target | Citigroup Inc. | Buy | $33.00 to $39.00 |
| 2015-07-07 | Boost Price Target | Barclays | Underweight | $27.00 to $30.00 |
| 2015-06-24 | Boost Price Target | Deutsche Bank | Hold | $33.00 to $35.00 |
| 2015-06-22 | Lower Price Target | Bank of America | Underperform | $29.00 to $28.00 |
| 2015-06-19 | Reiterated Rating | Cowen and Company | Outperform | |
| 2015-06-19 | Boost Price Target | Scotiabank | Focus Stock | $35.00 to $40.00 |
| 2015-06-19 | Boost Price Target | Howard Weil | Focus Stock | $35.00 to $40.00 |
| 2015-06-08 | Lower Price Target | Deutsche Bank | Hold | $35.00 to $33.00 |
| 2015-06-05 | Upgrade | Howard Weil | Sector Outperform to Focus Stock | $32.00 to $35.00 |
| 2015-03-09 | Upgrade | Credit Suisse | Neutral to Outperform | $34.00 to $40.00 |
| 2015-02-19 | Boost Price Target | Deutsche Bank | Hold | $27.00 to $33.00 |
| 2015-02-17 | Initiated Coverage | Credit Suisse | Neutral | |
| 2015-01-14 | Lower Price Target | Barclays | Underweight | $28.00 to $27.00 |
| 2014-12-15 | Downgrade | Bank of America | Neutral to Underperform | |
| 2014-11-04 | Reiterated Rating | Barclays | Underweight | $30.00 to $28.00 |
| 2014-10-13 | Downgrade | Barclays | Equal Weight to Underweight | $30.00 |
| 2014-10-08 | Initiated Coverage | Deutsche Bank | Hold | $29.00 |
| 2014-08-04 | Reiterated Rating | Credit Suisse | Neutral | $34.00 to $29.00 |
| 2014-08-01 | Downgrade | Bank of America | Buy to Neutral | |
| 2014-07-16 | Initiated Coverage | Barclays | Equal Weight | $30.00 |
| 2014-05-17 | Reiterated Rating | Bank of America | Buy | $35.00 |
| 2014-05-09 | Reiterated Rating | Bank of America | Buy | $35.00 |
| 2014-05-01 | Boost Price Target | Howard Weil | Sector Outperform | $36.00 to $39.00 |
| 2014-05-01 | Reiterated Rating | Bank of America | Buy | $35.00 |
| 2014-04-23 | Reiterated Rating | Bank of America | Buy | $35.00 |
| 2014-04-22 | Initiated Coverage | Bank of America | Buy | $35.00 |
| 2014-04-07 | Upgrade | Citigroup Inc. | Neutral to Buy | |
| 2014-04-01 | Initiated Coverage | Wolfe Research | Market Perform | |
| 2014-01-23 | Downgrade | Raymond James | Outperform to Market Perform | |
| 2014-01-08 | Upgrade | Howard Weil | Sector Perform to Sector Outperform | $36.00 |
| 2013-11-01 | Boost Price Target | Raymond James | Outperform | $27.00 to $30.00 |
| 2013-11-01 | Boost Price Target | Credit Suisse | $22.00 to $25.00 | |
| 2013-10-09 | Lower Price Target | Credit Suisse | Neutral | $25.00 to $22.00 |
| 2013-10-07 | Initiated Coverage | Deutsche Bank | Hold | $34.00 to $25.00 |
| 2013-10-01 | Lower Price Target | Morgan Stanley | Equal Weight | $26.00 to $24.00 |
| 2013-09-23 | Initiated Coverage | Credit Suisse | Neutral | |
| 2013-01-28 | Initiated | Dahlman Rose | Buy | $40 |
| 2016-07-11 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $33.00 to $21.00 |
| 2016-07-11 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
| 2016-06-29 | Downgrade | Goldman Sachs | Buy to Neutral | $37.00 to $26.00 |
| 2016-06-29 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $37.00 to $26.00 |
| 2016-06-20 | Downgrade | Wolfe Research | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PBF 243 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 18.32M |
| Vanguard Group, Inc | 13.18M |
| STATE STREET CORP | 6.59M |
| DIMENSIONAL FUND ADVISORS LP | 6.32M |
| CITADEL ADVISORS LLC | 3.52M |
| FIRST TRUST ADVISORS LP | 2.84M |
| Invesco Ltd. | 2.81M |
| BlackRock Institutional Trust Company, N.A. | 2.61M |
| BANK OF AMERICA CORP /DE/ | 2.30M |
| DEUTSCHE BANK AG\ | 2.15M |
| TWO SIGMA INVESTMENTS LLC | 2.04M |
| TWO SIGMA ADVISERS, LLC | 2.03M |
| MORGAN STANLEY | 2.00M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.78M |
| BNP PARIBAS ARBITRAGE, SA | 1.51M |
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