PBF Energy Posts Strong 3Q Results, Beating Estimates

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Pbf Energy Stock Intrinsic Value – PBF ($NYSE:PBF) Energy is a petroleum refining company that benefits from strong customer demand for its products and higher gross margins. On Thursday, the company posted third quarter results that beat Wall Street estimates by a comfortable margin. Shares of PBF Energy were +3.7 in mid-day trading.

The company’s third quarter results showed continued success in meeting customer demand and generating higher gross margins. PBF Energy’s stock was up 3.7% in mid-day trading following the release of the company’s strong third quarter results.

Share Price

PBF Energy Inc. posted strong 3Q results, beating estimates. At the time of writing, media sentiment was mostly positive. On Thursday, PBF ENERGY stock opened at $46.0 and closed at $46.4, up by 3.6% from the previous closing price of $44.8. The company’s strong performance was driven by several factors, including higher crude oil prices, improved refining margins, and increased production. These results underscore PBF Energy’s position as a leading refiner in the United States. Looking forward, PBF Energy is well-positioned to continue its strong performance. The company has a diversified portfolio of high-quality assets and a experienced management team.

Additionally, PBF Energy has a strong financial position, with ample liquidity and a healthy balance sheet.

VI Analysis – Pbf Energy Stock Intrinsic Value

PBF Energy is an American oil refining and marketing company based in Parsippany-Troy Hills, New Jersey. PBF Energy is the fifth largest independent petroleum refiner in the United States. PBF Energy’s stock is currently trading at $46.40, which is overvalued by 72% according to VI’s intrinsic value line. The company’s fundamentals reflect its long term potential, and the intrinsic value of PBF Energy’s shares are around $27.00.

VI Peers

PBF Energy Inc is an American holding company that owns and operates oil refineries and is headquartered in Parsippany-Troy Hills, New Jersey. PBF’s subsidiaries include PBF Logistics LP, which owns crude oil and refined product pipelines and terminals, and PBF Holding Company LLC, which owns and operates crude oil refineries. As of December 31, 2019, PBF Energy Inc. operated four oil refineries with a combined gross crude oil processing capacity of approximately 930,000 barrels per day. PBF Energy’s competitors include HF Sinclair Corp, Delek US Holdings Inc, Marathon Petroleum Corp. These companies are all engaged in the business of refining and marketing petroleum products.

– HF Sinclair Corp ($NYSE:DINO)

Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the United States. The company owns and operates, programs or provides sales services to more than 190 television stations in 89 markets. Sinclair’s television group reaches approximately 40% of US television households and includes FOX, ABC, CBS, CW, MyNetworkTV, and Univision affiliates. In addition, Sinclair owns or operates four radio stations in the Seattle market and is a leading local news provider in the Seattle/Tacoma/Bellevue area.

– Delek US Holdings Inc ($NYSE:DK)

Delek US Holdings Inc. is an American petroleum refining and marketing company with operations in the United States and Israel. It has a market cap of 2.07B as of 2022 and a Return on Equity of 34.19%. The company’s operations include crude oil refining, marketing of refined products, and retail marketing of gasoline, diesel fuel, and other petroleum products. Delek US Holdings Inc. also owns and operates a fleet of crude oil and refined product terminals, and a network of pipelines.

– Marathon Petroleum Corp ($NYSE:MPC)

Marathon Petroleum Corp is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. As of December 31, 2019, Marathon Petroleum had 16 oil refineries in the United States that accounted for approximately 3.1 million barrels per day of crude oil processing capacity. The company’s marketing system includes approximately 8,300 branded retail outlets operated under the Marathon, Speedway, and SuperAmerica brand names in 19 states. These retail outlets sell gasoline and diesel fuel to drivers and also offer a selection of convenience store products.

Summary

PBF Energy is one of the leading petroleum refiners in the United States. PBF Energy’s refineries are located in strategic locations across the country, which allows the company to take advantage of lower crude oil prices in different regions. PBF Energy also has a strong marketing and distribution network, which gives it access to a wide range of customers.

PBF Energy is a publicly traded company, and its shares are listed on the New York Stock Exchange. Investors interested in PBF Energy can consider buying its shares as the company is well-positioned to benefit from the growing demand for petroleum products in the United States.