PBF Stock Summary and Trading Ideas (PBF Energy Class A | NYSE:PBF)

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 owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.

PBF Energy Class A trades on the NYSE stock market under the symbol PBF.

As of April 22, 2024, PBF stock price climbed to $56.55 with 1,273,362 million shares trading.

PBF has a beta of 0.49, meaning it tends to be less sensitive to market movements. PBF has a correlation of 0.02 to the broad based SPY ETF.

PBF has a market cap of $6.74 billion. This is considered a Mid Cap stock.

Last quarter PBF Energy Class A reported $9 billion in Revenue and -$.41 earnings per share. This beat revenue expectation by $489 million and missed earnings estimates by -$.49.

In the last 3 years, PBF stock traded as high as $62.88 and as low as $7.24.

The top ETF exchange traded funds that PBF belongs to (by Net Assets): IJH, VTI, VB, IWM, XOP.

PBF has outperformed the market in the last year with a return of +61.6%, while the SPY ETF gained +22.9%. In the last 3 month period, PBF beat the market returning +31.9%, while SPY returned +3.7%. However, in the most recent 2 weeks PBF has underperformed the stock market by returning -6.2%, while SPY returned -3.7%.

PBF support price is $54.73 and resistance is $57.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBF stock will trade within this expected range on the day.