PBF Energy (PBF) Jumps 15.67%, Nears 52-Week High Ahead of Earnings

Group 1 - PBF Energy Inc. experienced a significant stock price increase of 15.67%, closing at $34.10, nearing its 52-week high as investors adjusted their portfolios ahead of the upcoming earnings report [1][3] - The company is set to release its financial and operating highlights on October 30, along with a conference call to discuss the results [2] - As one of the largest independent oil refiners in North America, PBF Energy is expected to benefit from the rising energy demand in the US, driven by substantial investments in artificial intelligence data centers [3] Group 2 - For the third quarter, PBF Energy targets a total throughput of between 865,000 and 915,000 barrels per day [4] - The company aims to achieve over $200 million in annualized, run-rate sustainable cost savings by year-end, with a goal of increasing this to $350 million by the end of 2026 [4]