PBF Energy (NYSE:PBF) Stock Jumps 6.4% – Here’s What Happened

Posted by George Bondi on Sep 30th, 2026

PBF Energy Inc. (NYSE:PBF – Get Free Report) rose 6.4% on Wednesday. The company traded as high as $79.89 and last traded at $80.0530. 1,552,868 shares traded hands during trading, a decline of 54% from the average session volume of 3,372,769 shares. The stock had previously closed at $75.23.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Evercore began coverage on shares of PBF Energy in a report on Friday, July 17th. They set an “in-line” rating and a $58.00 target price for the company. Weiss Ratings upgraded PBF Energy from a “sell (d-)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Freedom Capital lowered PBF Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Citigroup lifted their price objective on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.55.

Read Our Latest Report on PBF Energy

PBF Energy Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.49 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.06 and a beta of 0.09. The business’s 50 day simple moving average is $70.87 and its two-hundred day simple moving average is $53.89.

PBF Energy (NYSE:PBF – Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The firm had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. The business’s revenue was up 56.2% on a year-over-year basis. Sell-side analysts anticipate that PBF Energy Inc. will post 22.61 EPS for the current fiscal year.

PBF Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 14th. PBF Energy’s payout ratio is presently 9.73%.

Insider Activity at PBF Energy

In other PBF Energy news, insider Control Empresarial De Capital sold 490,000 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $34,917,400.00. Following the sale, the insider directly owned 14,992,128 shares in the company, valued at approximately $1,068,339,041.28. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Nimbley sold 468,139 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $69.54, for a total value of $32,554,386.06. Following the sale, the director owned 793,737 shares in the company, valued at approximately $55,196,470.98. This represents a 37.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,926,374 shares of company stock valued at $335,005,837. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PBF Energy

Several institutional investors have recently modified their holdings of the business. Leonteq Securities AG bought a new stake in PBF Energy in the 1st quarter worth about $33,000. Eurizon Capital SGR S.p.A. bought a new position in PBF Energy during the 4th quarter valued at about $57,000. Global Retirement Partners LLC lifted its stake in PBF Energy by 3,354.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,211 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 2,147 shares during the period. IFP Advisors Inc boosted its holdings in shares of PBF Energy by 68.7% during the 2nd quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 591 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of PBF Energy during the 1st quarter valued at about $143,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

About PBF Energy

(Get Free Report)

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.