NewEdge Advisors LLC Has $26,000 Holdings in PBF Energy Inc. $PBF

Posted by Geri Gentry on Aug 28th, 2026

NewEdge Advisors LLC lowered its stake in PBF Energy Inc. (NYSE:PBF – Free Report) by 94.3% in the first quarter, HoldingsChannel.com reports. The firm owned 542 shares of the oil and gas company’s stock after selling 9,006 shares during the quarter. NewEdge Advisors LLC’s holdings in PBF Energy were worth $26,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bull Harbor Capital LLC bought a new position in PBF Energy in the first quarter valued at about $212,000. Amundi acquired a new position in PBF Energy in the first quarter valued at about $1,574,000. EverSource Wealth Advisors LLC increased its stake in PBF Energy by 24.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 931 shares in the last quarter. California State Teachers Retirement System raised its stake in PBF Energy by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 101,282 shares of the oil and gas company’s stock worth $4,823,000 after buying an additional 19,354 shares during the period. Finally, Empowered Funds LLC increased its stake in PBF Energy by 198.0% during the 1st quarter. Empowered Funds LLC now owns 355,820 shares of the oil and gas company’s stock worth $16,944,000 after purchasing an additional 236,418 shares in the last quarter. Institutional investors own 96.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Cowen increased their target price on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Evercore started coverage on shares of PBF Energy in a research report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price objective for the company. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of PBF Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Citigroup lifted their price target on PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, PBF Energy presently has an average rating of “Reduce” and a consensus target price of $50.92.

View Our Latest Report on PBF Energy

PBF Energy Trading Down 1.7%

PBF opened at $68.56 on Friday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 0.08 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. PBF Energy Inc. has a twelve month low of $25.62 and a twelve month high of $75.68. The company has a 50-day simple moving average of $59.96 and a 200 day simple moving average of $47.83.

PBF Energy (NYSE:PBF – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the firm posted ($1.03) earnings per share. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. Analysts predict that PBF Energy Inc. will post 15.74 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.6%. PBF Energy’s payout ratio is currently 9.73%.

Insiders Place Their Bets

In other PBF Energy news, CEO Matthew C. Lucey sold 225,473 shares of PBF Energy stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $71.92, for a total value of $16,216,018.16. Following the completion of the sale, the chief executive officer directly owned 495,771 shares in the company, valued at approximately $35,655,850.32. The trade was a 31.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Control Empresarial De Capital sold 570,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00. Following the transaction, the insider owned 17,142,128 shares in the company, valued at $794,709,054.08. The trade was a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,163,674 shares of company stock valued at $371,707,094. 5.50% of the stock is currently owned by company insiders.

PBF Energy Company Profile

(Free Report)

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.