A midsized refiner. He likes contrarian situations. People think there is too much gasoline. Tesla’s are going to be all over the place, self driving cars, etc. Why do we need oil? Most of the world is not that advanced. This company has almost doubled the amount of refinery throughput. They have 5 refineries after buying 2 from Exxon on the cheap, so they now have Tidewater access. Gasoline has gone up 300 million barrels of consumption in the last 3 years. The stock is probably worth $30. Dividend yield of 5.3%. (Analysts’ price target is $25.)
PBF Energy is a American stock, trading under the symbol PBF-N on the New York Stock Exchange (PBF). It is usually referred to as NYSE:PBF or PBF-N
In the last year, there was no coverage of PBF Energy published on Stockchase.
PBF Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for PBF Energy.
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In the last year, there was no coverage of PBF Energy published on Stockchase.
On 2024-12-05, PBF Energy (PBF-N) stock closed at a price of $30.8.
(Top Pick May 12/17, Down 1.35%) Refineries have this volatility. He got nervous and dumped it and then it went back up. He is still a believer. He never stopped liking the stock.