Trecia M. Canty of PBF Energy Sells 10,000 Shares

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Trecia M. Canty, Senior Vice President at PBF ($NYSE:PBF) Energy Inc., recently sold 10,000 shares of the company. PBF Energy, Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company processes crude oil and other feedstocks into finished products, which it distributes through various channels to customers. Its products include gasoline, diesel fuel, jet fuel, and heating oil. This follows a general downward trend due to the ongoing pandemic. The company is also dealing with the effects of a lackluster retail market, which has caused its profits to decrease.

However, despite the current economic climate, PBF Energy’s management remains committed to providing reliable and affordable energy products for its customers.

Price History

The stock opened up at $45.2 and closed at the same price, a decrease of 0.2% from the previous day’s closing price of 45.3. This indicates that there is still strong investor confidence in the PBF Energy Inc. despite the slight dip in stock price. 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 the fundamentals for PBF Energy. Based on our Star Chart results, PBF Energy has a high health score of 8 out of 10. This indicates that PBF Energy is capable of withstanding any economic crisis without the risk of bankruptcy due to its cashflows and debt. Additionally, we have classified PBF Energy as a ‘rhino’, meaning that the company has achieved moderate revenue or earnings growth. Given this information, investors who are looking for a stable mid-sized company with moderate revenue or earnings growth should consider investing in PBF Energy. The company is strong in growth, and has medium scores for asset, dividend, and profitability. With these combined features, PBF Energy is a solid investment opportunity for mid-term investors. 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. (PBF) is a major player in the North American energy market. Recently, its Senior Vice President Trecia M. Canty has sold 10,000 shares of the company’s stock, signaling a shift in investor sentiment. Analysts are closely monitoring the move, as it could provide insight into the company’s future performance. PBF has been performing well lately, having reported positive financial results in recent quarters.

The company has also been expanding its presence in the sector, with new projects and acquisitions. Investors should consider PBF’s fundamentals, such as its strong balance sheet and competitive advantages, when making decisions about investing. Furthermore, it is important to monitor news related to PBF to understand any potential risks or opportunities associated with the stock.