On July 8, PBF Energy rose 7.97% in regular trading, trading at $52.4/share, with turnover of $40.39 million. The stock surged as renewed US-Iran conflict and escalating Strait of Hormuz shipping risks pushed crude oil prices higher, lifting the entire refining sector.

On the news front, the latest round of US-Iran tensions has intensified concerns over potential disruptions to oil transit through the Strait of Hormuz, a critical chokepoint for global crude supply. The resulting upward pressure on oil prices has broadly benefited refining stocks, with sector peers Valero up 5.3%, HF Sinclair up 5.52%, Marathon Petroleum up 5.17%, and Phillips 66 up 4.8%. Additionally, TD Cowen recently upgraded PBF Energy from Sell to Hold, raising its target price from $36 to $39, providing marginal sentiment support.

PBF Energy is one of the largest independent petroleum refiners in the United States, producing gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, serving markets across the Northeast, Midwest, Gulf Coast, and West Coast.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)