PBF Energy (PBF) Soars to 1-Year High on Energy Rally Spillover

PBF Energy Inc. (NYSE:PBF) is one of the 10 Stocks Grabbing Investor Attention Today.

PBF Energy bounced back on Tuesday to hit an over one-year high, as investors resumed buying positions in its stock as tensions in the Middle East continue to rise.

In intra-day trading, PBF Energy Inc. (NYSE:PBF) touched a new record high of $50.64 before trimming a few cents to finish the session just up by 7.51 percent at $50.09 apiece after the US and Iran announced contradicting statements on their negotiations, with President Donald Trump earlier suggesting progressive talks with the Middle Eastern country, while the latter refuted his claims.

Photo from PBF Energy LinkedIn

However, the lack of resolution between the two countries, coupled with the continuing supply restrictions globally continued to spark buying appetite for oil and natural gas stocks on expectations that they would benefit from higher profit margins.

PBF Energy Inc. (NYSE:PBF) is a US-based oil refiner and supplier, which owns five refineries across the East Coast, Gulf Coast, and the West Coast, with a combined capacity of 900,000 barrels per day.

For this year, PBF Energy Inc. (NYSE:PBF) is targeting to produce between 810,000 to 870,000 barrels per day.

Last year, the company reported strong earnings results, with net loss attributable to shareholders narrowing by 70 percent to $158.5 million from 533.8 million in 2024. Revenues declined by $29.3 billion from $33.1 billion year-on-year.

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