PBF Energy, Inc.

PBF Energy, Inc.

PBF Energy, Inc.

Overview
Date Founded

2008

Headquarters

1 Sylvan Way,2nd floor,Parsippany, NJ 07054

Type of Company

Public

Employees (Worldwide)

3,442

Industries

Oil & Gas
Other Transportation
Power & Utilities

Company Description

PBF Energy, Inc. engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products. The Logistics.segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. The company was founded on March 1, 2008 and is headquartered in Parsippany, NJ.

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Executives & Employees

Chief Executive Officer

President

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Accounting Officer

President, Western Region

Senior Vice President, Commercial

Senior Vice President of Refining

Deputy General Counsel

Business Partner

Board of Directors

Chief Executive Officer at PBF Logistics LP

Former Senator from Michigan

Chief Executive Officer at CST Services LLC

Senior Vice President at Valero Refining Company - California

Senior Counsel at Goodwin Procter LLP

Former Interim Chief Executive Officer at Orchard Enterprises NY, Inc.

Chair Audit Committee at Solar Power Partners, Inc.

Advisor at Serene Capital Management LLC

Team Member at Occidental Petroleum Corporation

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PBF Energy, Inc.
Owners & Shareholders
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Anchor Capital actively seeks above-average income streams and competitive returns over time by scrutinizing each company’s fundamentals. They provide investment management services through three divisions: the Institutional Division, the Managed Accounts Division, and the Private Client Division. The Institutional Division manages investment advisory accounts on a discretionary basis. The primary investment strategies offered are Mid-Cap Value, Small-Cap Value, Small Mid-Cap Value, All-Cap Value, Balanced Value, Select-Dividend and Fixed Income. The Managed Accounts Division participates in Separate Managed Account programs, (SMA or Wrap) acting as a sub-adviser to a number of sponsor firms. Through the SMA programs, clients of the sponsor firms are referred to Anchor Capital for discretionary investment management services. The Private Client Division provides financial advice and makes investments based on the individual needs of the client. When goals and objectives based on a client’s particular circumstances are established the PC division utilizes an asset allocation model and manages the client’s portfolio based on that model.

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Private Management group (PMG) reviews and may use investments other than traditional stock and bond instruments including preferred stock; convertible securities; hybrid securities; foreign securities; mutual funds or ETFs; US government securities or government sponsored entities; municipal securities; real estate or oil/gas limited partnerships; options or warrants; and other business ventures. They generally do not participate in IPOs, although they may consider them at any point. PMG typically invests in assets for the long-term (over six months). To a lesser degree, they may make short-term purchases.

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Towle & Co. employs a fundamental, deep value investment approach that seeks to achieve above-average capital appreciation. Their deep value investment strategy focuses on identifying and capitalizing on investments the stocks of publicly-traded companies that are undervalued relative to their underlying, intrinsic value. The firm seeks absolute value through investments in primarily small-cap and micro-cap stocks, typically with market-caps less than $2 billion. Towle & Co. tends to invest in the stocks of companies in the financial services, manufacturing, consumer products, retail, transportation and energy sectors. The firm does not invest in companies involved in tobacco, liquor or gaming. They invest mainly in the stocks of US companies. Towle & Co. maintains a low turnover rate.The firm's fundamental investment approach begins with a screen to identify companies with low price-to-book value, low p/e (current or potential) and low price-to-sales ratios.They often invest in companies operating in out-of-favor or consolidating industries that have stagnating or declining stocks prices. Companies should have total debt that is less than the shareholders' equity and possess a strong market position or technological leadership. Companies must also demonstrate the ability to prudently finance their on-going business activities. Towle & Co. seeks to invest in stocks that are selling at less than 6 times the total enterprise value to earnings before interest, taxes, depreciation and amortization expense.To determine upside potential and downside risk, the firm performs a financial evaluation that includes an analysis of historical and current profitability, liquidity, leverage and asset management. this analysis is followed by a review of industry prospects and the company's competitive position. Towle & Co. then projects the company's earnings power, cash flow generating capability and financial condition. They use the private market transaction values and profitability characteristics of comparable companies to determine a company's earnings potential over the next 3 years. To be included in a portfolio, a company's 3 year earnings potential must provide a minimum return on market value of 15%.Sell targets are established for each company in a portfolio. these targets usually represent a 50% to 100% increase from the market value at the time of the initial purchase. An estimate of a company's future earnings potential is determined by assigning a conservative multiple (8 to 13x) to the company's earnings potential in the third year. Sell targets are continuously monitored and are periodically adjusted as business and market conditions change. These period reviews may result in an upward or downward adjustment of the sell target or in the decision to sell the position.

Recent Transactions
Details Hidden

Air Products & Chemicals, Inc. purchases PBF Energy, Inc. /Five Hydrogen Methane Production Plants from PBF Energy, Inc.

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PBF Logistics LP purchases Torrance Valley Pipeline Co. LLC from PBF Energy, Inc.

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PBF Energy, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Auditor

Advised onPBF Energy, Inc. issued USD Common Stock

Escrow Agent

Advised onPBF Energy, Inc. issued USD Common Stock

Underwriter

Advised onPBF Energy, Inc. issued USD Common Stock

Legal Advisor

Advised onPBF Energy, Inc. issued USD Common Stock

Underwriter

Advised onPBF Energy, Inc. issued USD Common Stock

Legal Advisor

Advised onPBF Energy, Inc. issued USD Common Stock

Advisors & Consultants
Consultant

Chairman of the Board of PBF Energy Inc at Paulsboro Refining Co. LLC

Advisor

Director & Executive Vice President-Commercial Operations at Paulsboro Refining Co. LLC

Legal Advisor

Attorney at Goodwin Procter LLP

Clients

Susser Petroleum Partners LP is the highest-volume independent wholesale distributor of motor fuels in Texas, with additional distribution in New Mexico, Oklahoma and Louisiana. We supplied more than 1.4 billion gallons of motor fuel in the last 12 months to: Susser Holdings Corporation’s 550 Stripes® convenience stores and more than 80 consignment sites at independently operated convenience stores More than 480 independently operated branded dealer locations More than 1,300 unbranded customers In our 70+ years in business, we’ve established a solid reputation for integrity, transparency and outstanding customer service. This extends from our employees to our customers and our valued suppliers. Our focus is on helping small- and mid-sized retailers build their business and their legacy through our outstanding supplier relationships, real-estate and operations expertise, and value-added technology and programs that help you bridge the gap between conception and execution.

Key Stats and Financials As of 2019
Market Capitalization
$782M
Total Enterprise Value
$5.95B
Earnings Per Share
$2.64
Revenue
$24.5B
Net Profit
$319M
EBITDA
$1.03B
EBITDAMargin
4.2%
Total Debt
$2.4B
Total Equity
$3.59B
Enterprise Value / Sales
0.24x
Enterprise Value EBITDAOperating
5.48x
TEVNet Income
18.65x
Debt TEV
0.4x
Three Year Compounded Annual Growth Rate Of Revenue
15.47%
Non-Profit Donations & Grants
Political Donations
$500
2013
$500
2013
$2,000
2013
Suppliers
Saudi Arabian Oil Co. Wholesale: Raw Materials | Dhahran, Saudi Arabia

Saudi Arabian Oil Co. engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

PBF Logistics LP Other Business & Consulting Services | Parsippany, NJ

PBF Logistics LP owns, leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. It operates through two operating segments: Transportation and Terminaling Segment, and Storage Segment. The Storage segment consists of 30 tanks for storing crude oil, refined products and intermediates. The company's initial assets consist of a light crude oil rail unloading terminal at the Delaware city refinery that also services the Paulsboro refinery and a crude oil truck unloading terminal at the Toledo refinery that are integral components of the crude oil delivery operations at all three of PBF Energy, Inc.'s refineries. PBF Logistics was founded on February 25, 2013 and is headquartered in Parsippany, NJ.

Petróleos de Venezuela SA Oil & Gas | Caracas, Venezuela

Petróleos de Venezuela SA is a gas and oil company. It is engaged in exploring, extracting, transporting, manufacturing, refining, storing, and marketing crude oil and other hydrocarbons. The company was founded in 1975 and is headquartered in Caracas, Venezuela.

Competitors
Marathon Petroleum Corp. Oil & Gas - Findlay, OH

Marathon Petroleum Corporation 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. Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels per day of refining capacity. Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

Delek US Holdings, Inc. Oil & Gas - Brentwood, Tennessee

Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.

Valero Energy Corp. Oil & Gas - San Antonio, Texas

Valero Energy Corporation is a Fortune 500 company based in San Antonio, and through its subsidiaries is the world’s largest independent petroleum refiner and marketer. Valero supplies fuel and products that improve people’s lives with 16 refineries and 10 ethanol plants stretching from the U.S. West and Gulf coasts to Canada, United Kingdom and the Caribbean. Well-positioned pipelines and terminals allow Valero to deliver premium-quality clean fuels quickly, responsibly and efficiently. Our diversified product slate supports dozens of industries, from health care and plastics to transportation, beauty products and manufacturing.

Awards & Honors
Rank #217
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #217
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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