PBF Energy Inc. is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the U.S.. Co. sells its products throughout the Northeast, Midwest, Gulf Coast and West Coast of the U.S., as well as in other regions of the U.S., Canada and Mexico and are able to ship products to other international destinations. Co. operates through two business segments: Refining and Logistics. Its Refining segment includes the operations of its six refineries, which produces unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the U.S.. We show 53 historical shares outstanding datapoints in our PBF shares outstanding history coverage, used to compute PBF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PBF market cap history over the course of time is important for investors
interested in comparing PBF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PBF versus a peer is one thing; comparing
PBF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PBF can fluctuate over the course of history.
With this page we aim to empower investors researching PBF by allowing them to research the PBF market cap history. |
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Video: The Importance of Market Cap
