PBF Energy (NYSE:PBF) Price Target Raised to $89.00

Posted by Brenda Bartman on Oct 11th, 2026

PBF Energy (NYSE:PBF – Free Report) had its target price increased by Mizuho from $65.00 to $89.00 in a report published on Thursday morning, Marketbeat reports. They currently have a neutral rating on the oil and gas company’s stock.

A number of other research analysts also recently weighed in on the company. Morgan Stanley raised their price target on PBF Energy from $38.00 to $76.00 and gave the company an “underweight” rating in a research note on Monday, September 14th. Citigroup upped their price objective on PBF Energy from $74.00 to $91.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings upgraded PBF Energy from a “sell (d-)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, UBS Group reissued a “buy” rating and issued a $99.00 target price on shares of PBF Energy in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.55.

View Our Latest Stock Analysis on PBF Energy

PBF Energy Trading Down 5.8%

Shares of NYSE:PBF opened at $84.18 on Thursday. The company’s 50-day moving average price is $73.74 and its two-hundred day moving average price is $55.94. PBF Energy has a one year low of $25.62 and a one year high of $89.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The stock has a market capitalization of $9.98 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18.

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 for the quarter, beating the consensus estimate of $4.15 by $2.07. The company had revenue of $11.68 billion during the quarter, compared to analysts’ expectations of $9.61 billion. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%. PBF Energy’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.03) EPS. On average, equities analysts forecast that PBF Energy will post 24.69 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.2750 per share. The ex-dividend date was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. PBF Energy’s dividend payout ratio (DPR) is presently 9.73%.

Insiders Place Their Bets

In other PBF Energy news, CEO Matthew Lucey sold 225,473 shares of the company’s 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 sale, the chief executive officer owned 495,771 shares in the company, valued at $35,655,850.32. This represents a 31.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Nimbley sold 468,139 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 793,737 shares in the company, valued at $55,196,470.98. This represents a 37.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,196,374 shares of company stock valued at $303,792,637 over the last 90 days. 5.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PBF Energy

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its position in PBF Energy by 54.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,222,433 shares of the oil and gas company’s stock worth $153,452,000 after purchasing an additional 1,137,533 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PBF Energy by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,366,331 shares of the oil and gas company’s stock valued at $207,953,000 after purchasing an additional 454,731 shares during the period. Empowered Funds LLC lifted its stake in shares of 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 buying an additional 236,418 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of PBF Energy during the 1st quarter worth about $8,527,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of PBF Energy by 361.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 189,148 shares of the oil and gas company’s stock worth $8,718,000 after buying an additional 148,124 shares during the period. Institutional investors own 96.29% of the company’s stock.

Key Headlines Impacting PBF Energy

Here are the key news stories impacting PBF Energy this week:

Positive Sentiment: Mizuho raised its price target to $89 from $65 while maintaining a neutral rating, implying limited additional upside but acknowledging PBF Energy’s strong recent performance. Related market article
Positive Sentiment: PBF Energy’s latest reported quarter showed exceptionally strong operating momentum, with adjusted earnings of $7.54 per share and a gross refining margin of $23.40 per barrel. The company is scheduled to report third-quarter results on October 29.
Positive Sentiment: Several major institutional investors increased their PBF positions in the second quarter, including FMR, AQR, BlackRock and T. Rowe Price. PBF also trades at a relatively low valuation, with a reported forward earnings multiple below 8.
Neutral Sentiment: President Donald Trump said Russia may send millions of tons of diesel to global markets. Increased diesel availability could ease fuel prices, but it may also affect refined-product prices and refining margins; the impact on PBF Energy is uncertain. Trump says Russia may send diesel article
Negative Sentiment: There was no new company-specific operational problem identified. The decline appears tied largely to profit-taking after a substantial refining-sector advance, softer crude prices and concerns that unusually high crack spreads may not persist until the next earnings report.
Negative Sentiment: Insider selling remains a notable concern. Control Empresarial De Capital sold 120,000 shares for approximately $10.1 million and has made multiple recent sales. Quiver data also indicates 64 insider sales and no purchases over the past six months, potentially signaling that some insiders view the recent rally as an opportunity to lock in gains. PBF insider sale article
Negative Sentiment: PBF Energy’s previously issued $500 million of 0% exchangeable notes due 2032 could create future dilution or capital-structure concerns, adding caution after the stock’s rapid appreciation.

PBF Energy Company Profile

(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.