PBF Energy Announces Participation in t; Management Team to Represent Company

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PBF ($NYSE:PBF) Energy has announced that its management team will be taking part in the virtual t conference, held on June 15, 2023. This conference is an important event for the energy industry, and PBF Energy will have an active presence at the event. The management team will be discussing the company’s plans for the future, and how they intend to continue providing high-quality petroleum products and services to customers around the world.

Additionally, the team will also be sharing their insights on current market trends and how the company is positioned to capitalize on them. This participation further demonstrates PBF Energy’s commitment to staying at the forefront of the petroleum industry.

Market Price

On Friday, PBF ENERGY announced its participation in an upcoming event. The company’s management team will be representing the company at the event. The stock opened at $40.9 and ended the day at $40.6, a 0.6% rise from the previous closing price of $40.4. This marks a further increase in PBF Energy’s stock value for the second consecutive day, signaling strong confidence in the company’s future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pbf Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pbf Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pbf Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Pbf Energy are shown below. More…

Analysis

GoodWhale has conducted an analysis of PBF ENERGY‘s wellbeing and the results are very positive. Our Star Chart indicates that PBF ENERGY is strong in growth, but medium in asset, profitability and dividend. Based on this, we have classified PBF ENERGY as a ‘cheetah’, a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this, what type of investors may be interested in such a company? Investors who are looking for high growth potential, and who are willing to take on the risk of lower stability, may find PBF ENERGY an attractive investment opportunity. GoodWhale has also calculated a health score for PBF ENERGY, of 8/10, based on its cashflows and debt. This suggests that PBF ENERGY not only has the capacity to pay off its debt but also has the capacity to fund future operations. More…

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 Inc. has announced the participation of its management team in a highly anticipated investment analysis. Through their presence, the company has signaled that it is actively making the effort to find viable partners, in order to increase its market potential. The analysis will focus on the strategic opportunities available to PBF Energy, in order to maximize its financial gains and increase shareholder value.

It will also assess the potential risk and reward of any proposed investments, in order to make sure that the company’s return on investment is maximized. PBF Energy’s management team is eager to find ways for the company to expand and optimize its already successful business model.