Market Overview - U.S. stocks showed mixed performance, with the Dow Jones index declining approximately 0.2% on Wednesday [1] Company Highlights - Monte Rosa Therapeutics Inc (NASDAQ:GLUE) experienced a significant increase in share price, rising 45.2% to $23.25 after announcing interim data from a Phase 1 clinical study for MRT-8102 [1] - Ventyx Biosciences Inc (NASDAQ:VTYX) shares surged 37.5% to $13.82 following reports of advanced acquisition talks with Eli Lilly & Co. (NYSE:LLY) for over $1 billion [2] - Neumora Therapeutics Inc (NASDAQ:NMRA) saw a rise of 24.7% to $2.27 [2] - Regencell Bioscience Holdings Ltd (NASDAQ:RGC) increased by 21.1% to $40.00 [2] - Erasca Inc (NASDAQ:ERAS) rose 17.1% to $4.25, with Piper Sandler initiating coverage with an Overweight rating and a price target of $5 [2] - Anywhere Real Estate Inc (NYSE:HOUS) gained 15.6% to $16.71 [2] - AXT Inc (NASDAQ:AXTI) increased by 13.8% to $22.96 [2] - Immuneering Corp (NASDAQ:IMRX) rose 13.1% to $7.60 [2] - Compass Therapeutics Inc. (NASDAQ:CMPX) gained 13.1% to $5.56 [2] - MBX Biosciences Inc (NASDAQ:MBX) rose 11.2% to $31.90 [2] - Rezolve AI PLC (NASDAQ:RZLV) increased by 10.8% to $3.36 [2] - United Microelectronics Corp (NYSE:UMC) gained 10.4% to $8.96 after reporting sales growth for December and the full year [2] - PBF Energy Inc (NYSE:PBF) rose 9.2% to $29.73 [2] - Navan Inc (NASDAQ:NAVN) increased by 8.3% to $18.42 [2] - Ascentage Pharma Group International (NASDAQ:AAPG) gained 8.3% to $28.17 after announcing IND clearance for BTK Degrader APG-3288 by the U.S. FDA [2] - Intel Corp (NASDAQ:INTC) rose 6.4% to $42.60 as the company is enhancing its gaming strategy by developing a new chip for handheld gaming devices [2]

Group 1: Geopolitical Impact on Oil Markets - The recent capture of Venezuelan leader Nicolás Maduro by the United States may lead to a revitalization of Venezuela's energy industry, which has significant oil reserves but suffers from poor infrastructure [2][3] - Venezuela holds 303 billion barrels of oil reserves, accounting for about 20% of the world's total, yet contributes less than 1% to global oil production due to years of sanctions and mismanagement [3][4] - Analysts predict that any significant impact on oil supply or prices from Venezuela will take years to materialize, with current forecasts for US fuel prices expected to average $2.97 a gallon in 2026 [4] Group 2: Market Reactions and Company Performance - Energy companies, particularly US Gulf Coast refiners, saw stock price increases following the news, with Chevron rising over 5% and other refiners like Marathon Petroleum and Valero Energy experiencing gains between 3.4% and 9.2% [5] - UBS analysts noted that geopolitical crises typically have a fleeting impact on financial markets, with historical data showing the S&P 500 was only 0.3% lower one week after major geopolitical events [5] - The International Energy Agency projects a surplus of 3.8 million barrels a day in global oil markets this year, indicating that the market can absorb shocks and uncertainty [4]

Core Viewpoint - PBF Energy Inc. is progressing with the rebuild of its Martinez, California refinery, expecting to achieve planned operating rates by March 2026, following a fire incident in February 2025 [1][2]. Group 1: Refinery Operations - The Martinez refinery, with a capacity of 157,000 barrels per day, has been operating at a reduced capacity of 85,000 to 105,000 barrels per day since early Q2 2025 [1]. - The commissioning phase for utility systems and idled equipment has begun, with a phased restart planned as repairs are completed [1]. Group 2: Financial Impact and Insurance - The company anticipates that the costs associated with restoring the refinery will largely be covered by insurance, with a deductible and retentions totaling $30 million [2]. - In 2025, PBF received $893.5 million in unallocated insurance reimbursements, net of deductibles and retentions, including a recent installment of $393.5 million [2]. Group 3: 2026 Annual Guidance - PBF's expected throughput ranges for 2026 are as follows: East Coast 300,000 to 320,000 barrels per day, Mid-continent 135,000 to 145,000 barrels per day, Gulf Coast 170,000 to 180,000 barrels per day, and West Coast 280,000 to 300,000 barrels per day [3]. - The company plans to conduct routine maintenance and multiple turnarounds across its refining system in 2026, with specific turnaround schedules subject to change [3].

Company Overview - PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States [2]. Recent Stock Performance - The share price of PBF Energy fell by 16.19% between December 10 and December 17, 2025, making it one of the Energy Stocks that lost the most during that week [1]. Analyst Ratings and Price Targets - On December 8, Wolfe Research analyst Doug Leggate downgraded PBF Energy from 'Peer Perform' to 'Underperform', setting a price target of $23 due to a tactical underweight in the US refining sector and declining West Coast margins [3]. - Conversely, on December 12, Mizuho analyst Nitin Kumar upgraded the stock from 'Underperform' to 'Neutral', raising the price target from $31 to $38, indicating an upside potential of almost 43% from the current share price at that time [5]. Industry Challenges - The broader US refining sector is expected to face headwinds, including lower distillate cracks due to robust European inventories and potential risks associated with a Ukraine-Russia peace deal, which could lead to lower global crude prices [4].

Core Viewpoint - PBF Energy Inc. is set to release its fourth quarter 2025 earnings results on February 12, 2026, and will host a conference call to discuss these results and other business matters [1][2]. Group 1: Earnings Release - The earnings results for the fourth quarter 2025 will be announced on February 12, 2026 [1]. - A conference call and webcast will take place on the same day at 8:30 a.m. ET to discuss the results [1]. Group 2: Access Information - The conference call will be accessible via PBF Energy's website and by dialing specific phone numbers [2]. - An audio replay of the call will be available approximately two hours after its conclusion on the company's website [2]. Group 3: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities across several states [3]. - The company aims to operate its facilities safely and responsibly while providing a rewarding workplace for employees and superior returns to investors [3]. Group 4: Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [4].

Core Insights - The energy sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Venture Global Inc (NYSE:VG) has an RSI of 28.5, with a stock price decline of approximately 27% over the past month, closing at $5.93 [7] - PBF Energy Inc (NYSE:PBF) has an RSI of 29.4, with a stock price decline of around 21% over the past month, closing at $29.93 [7] - Kimbell Royalty Partners LP (NYSE:KRP) has an RSI of 23.7, with a stock price decline of about 8% over the past five days, closing at $11.79 [7]

Core Insights - The energy sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Venture Global Inc (NYSE:VG) has an RSI of 28.5, with a stock price decline of approximately 27% over the past month, closing at $5.93 [7] - PBF Energy Inc (NYSE:PBF) has an RSI of 29.4, with a stock price drop of around 21% in the last month, closing at $29.93 [7] - Kimbell Royalty Partners LP (NYSE:KRP) has an RSI of 23.7, with an 8% decrease in stock price over the past five days, closing at $11.79 [7]

Core Viewpoint - PBF Energy is preparing to restart its Martinez refinery after a significant fire in February, with a targeted restart date in December [1]. Group 1: Company Overview - PBF Energy's Martinez refinery has been limited in production due to the fire, impacting overall output [1]. Group 2: Industry Context - The potential restart of the refinery is significant for the energy sector, as it may influence supply dynamics in the market [1].

Group 1 - Planet Based Foods Global Inc. has decided not to proceed with the establishment of its wholly owned subsidiary, PBFG Trade Pte. Ltd. in Singapore, as announced in a previous news release on October 22, 2025 [1] Group 2 - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology, aiming to create a cleaner, healthier, and more resilient global food system [2]

Core Insights - PBF Energy Inc. reported a third-quarter 2025 adjusted loss of 52 cents per share, which was better than the Zacks Consensus Estimate of a loss of 69 cents and improved from a loss of $1.50 per share in the same quarter last year [1][9] - Total revenues for the quarter decreased to $7.7 billion from $8.4 billion year-over-year, but exceeded the Zacks Consensus Estimate of $7.5 billion [1][9] - The better-than-expected results were attributed to reduced costs and expenses, although lower throughput volumes partially offset these positives [2] Segment Performance - The Refining segment reported an operating income of $232.3 million, a significant improvement from an operating loss of $341.2 million a year ago, but fell short of the estimate of $257.6 million [3] - The Logistics segment generated a profit of $149.2 million, up from $51.3 million in the prior-year quarter, and exceeded the estimate of $53.2 million [3] Throughput Analysis - Crude oil and feedstock throughput volumes averaged 871 thousand barrels per day (bpd), down from 935.6 thousand bpd in the previous year and below the estimate of 887.5 thousand bpd [4] - The throughput distribution by region was as follows: East Coast 35.4%, Mid-Continent 16.2%, Gulf Coast 21.5%, and West Coast 26.9% [4] Margins - The company-wide gross refining margin per barrel of throughput was $9.00, an increase from $6.79 in the previous year and above the estimate of $6.57 [5] - Regional gross refining margins were as follows: East Coast $8.14 (up from $4.31), Gulf Coast $10.18 (up from $6.84), Mid-Continent $11.03 (up from $9.83), and West Coast $7.96 (up from $7.65) [6] Costs & Expenses - Total costs and expenses for the quarter were $7.4 billion, down from $8.8 billion in the prior-year period, while the estimate was $7.1 billion [7] - Cost of sales, including operating expenses and depreciation, amounted to $7.6 billion, lower than $8.7 billion a year ago [7] Capital Expenditure & Balance Sheet - PBF Energy invested $124.4 million in capital for refining operations and $3.3 million for logistics businesses [10] - As of the end of the third quarter, the company had cash and cash equivalents of $482 million and total debt of $2.4 billion, resulting in a total debt-to-capitalization ratio of 31% [10] Q4 Outlook - For the fourth quarter of 2025, PBF Energy expects throughput volumes on the East Coast to be between 320,000 bpd and 340,000 bpd, Mid-Continent between 140,000 bpd and 150,000 bpd, Gulf Coast between 170,000 bpd and 180,000 bpd, and West Coast between 230,000 bpd and 240,000 bpd [11]