Key Developments: PBF Energy Inc (PBF.N)

PBF.N on New York Stock Exchange

22.50USD
1 Aug 2013
Price Change (% chg)

$-0.39 (-1.70%)
Prev Close
$22.89
Open
$23.50
Day's High
$24.00
Day's Low
$21.80
Volume
239,848
Avg. Vol
290,291
52-wk High
$42.50
52-wk Low
$21.21

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Latest Key Developments (Source: Significant Developments)

PBF Energy Inc Declares Dividend of $0.30 Per Share
Thursday, 1 Aug 2013 07:01am EDT 

PBF Energy Inc announced that it will pay a quarterly dividend of $0.30 per share of Class A common stock on August 21, 2013 to holders of record as of August 12, 2013.  Full Article

PBF Energy Inc Announces Pricing of Secondary Offering
Thursday, 6 Jun 2013 07:08pm EDT 

PBF Energy Inc announced the pricing of an underwritten public offering of 15,950,000 shares of its Class A Common Stock at a price of $27.00 per share. All of the shares are being sold by funds affiliated with First Reserve Corporation and Blackstone (the Selling Shareholders). In addition, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,392,500 shares of Class A Common Stock. PBF Energy will not receive any of the proceeds from the offering. The offering is expected to close on June 12, 2013, subject to satisfaction of customary closing conditions. The joint bookrunning managers of the offering are Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities. UBS Investment Bank, Barclays and Wells Fargo Securities are the senior co-managers.  Full Article

PBF Energy Inc Declares Dividend of $0.30 Per Share
Thursday, 2 May 2013 08:00am EDT 

PBF Energy Inc announced that it will pay a quarterly dividend of $0.30 per share of Class A common stock on June 7, 2013 to holders of record as of May 21, 2013.  Full Article

PBF Energy Inc Announces Supply Agreement With Continental Resources For Bakken Crude Oil
Wednesday, 10 Apr 2013 08:30am EDT 

PBF Energy Inc announced the signing of an agreement with Continental Resources Inc. to supply PBF with Bakken crude oil, which will be delivered by rail to PBF`s double-loop track at its refinery in Delaware City, DE.  Full Article

PBF Energy Inc Declares Fourth Quarter 2012 Dividend Of $0.30
Thursday, 21 Feb 2013 07:30am EST 

PBF Energy Inc announced that it will pay a fourth quarter 2012 dividend of $0.30 per Class A Common Share, and PBF Energy Company LLC Series A Unit, on March 15, 2013 to holders of record as of March 5, 2013.  Full Article

PBF Energy Inc Prices Initial Public Offering
Wednesday, 12 Dec 2012 07:00pm EST 

PBF Energy Inc announced that it priced its initial public offering of 20,500,000 shares of its Class A common stock at a price to the public of $26 per share. The shares are expected to begin trading under the ticker symbol PBF on the New York Stock Exchange. The underwriters were granted an option, exercisable within 30 days, to purchase up to an additional 3,075,000 shares of Class A common stock from PBF Energy Inc. at the public offering price less underwriting discounts and commission. PBF Energy Inc. will use a portion of the net proceeds of the offering to acquire equity interests in its subsidiary, PBF Energy Company LLC, from its majority owners, funds affiliated with First Reserve Corporation, a global investment firm dedicated to the energy industry, and Blackstone, one of the alternative asset managers in the world and a private equity investor in the energy industry. The joint bookrunning managers of the offering were Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities. UBS Investment Bank, Barclays and Wells Fargo Securities acted as senior co-managers.  Full Article

UPDATE 2-U.S. refiners expect margins to recover if crude discounts widen

* Marathon Petroleum, Western Refining and PBF Energy see margins shrink

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