PBF Energy Rebounds With Strong Q4 Results

PBF Energy Inc. (NYSE:PBF) shares rose to a one-year high Wednesday, jumping as high as $45.13 before closing up 12.68% at $44.80, ahead of management participation in the Wolfe Research Refining Conference on March 5. The company announced a $0.275 per-share dividend payable March 11 and reported Q4 net income of $78.4 million versus a year-earlier $289.3 million loss, while full-year net loss narrowed to $158.5 million on $29.3 billion revenue.