PBF Energy Inc. $PBF Position Lessened by Private Management Group Inc.

Posted by Brian Himes on Nov 10th, 2026

Private Management Group Inc. decreased its stake in shares of PBF Energy Inc. (NYSE:PBF – Free Report) by 22.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 528,357 shares of the oil and gas company’s stock after selling 154,871 shares during the period. PBF Energy accounts for about 1.0% of Private Management Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Private Management Group Inc.’s holdings in PBF Energy were worth $40,662,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of PBF Energy by 11.6% during the 1st 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 acquiring an additional 454,731 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake 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 acquiring an additional 1,137,533 shares in the last quarter. Sei Investments Co. grew its holdings in PBF Energy by 41.4% in the first quarter. Sei Investments Co. now owns 364,700 shares of the oil and gas company’s stock worth $17,367,000 after purchasing an additional 106,819 shares during the period. Empowered Funds LLC grew its holdings in PBF Energy by 198.0% in the first 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 during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in PBF Energy by 85.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,428 shares of the oil and gas company’s stock worth $21,279,000 after purchasing an additional 119,385 shares during the period. Institutional investors own 96.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 170,000 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $88.03, for a total value of $14,965,100.00. Following the transaction, the insider owned 13,326,127 shares of the company’s stock, valued at approximately $1,173,098,959.81. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steven John Andriola sold 2,522 shares of PBF Energy stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $76.69, for a total value of $193,412.18. Following the transaction, the chief accounting officer owned 16,659 shares of the company’s stock, valued at $1,277,578.71. This trade represents a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,380,060 shares of company stock worth $181,363,248 in the last quarter. Insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

PBF has been the subject of several research analyst reports. Freedom Broker raised shares of PBF Energy from a “sell” rating to a “hold” rating and lifted their price target for the company from $55.00 to $63.00 in a research note on Monday, November 2nd. TD Cowen increased their price objective on shares of PBF Energy from $73.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. BMO Capital Markets restated a “market perform” rating on shares of PBF Energy in a research note on Thursday, October 1st. Piper Sandler upped their price target on PBF Energy from $94.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings upgraded PBF Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $70.50.

Read Our Latest Research Report on PBF Energy

PBF Energy Stock Performance

Shares of PBF stock opened at $69.57 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $77.59 and a two-hundred day simple moving average of $54.71. PBF Energy Inc. has a 12 month low of $25.62 and a 12 month high of $92.46. The firm has a market capitalization of $8.25 billion, a PE ratio of 3.11, a price-to-earnings-growth ratio of 0.07 and a beta of 0.15.

PBF Energy (NYSE:PBF – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The oil and gas company reported $12.78 earnings per share for the quarter, beating analysts’ consensus estimates of $11.12 by $1.66. The firm had revenue of $12.13 billion for the quarter, compared to analyst estimates of $10.60 billion. PBF Energy had a net margin of 6.98% and a return on equity of 34.92%. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.52) earnings per share. Analysts forecast that PBF Energy Inc. will post 26.78 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Thursday, November 12th will be issued a $0.3250 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from PBF Energy’s previous quarterly dividend of $0.2750. PBF Energy’s dividend payout ratio (DPR) is currently 4.91%.

PBF Energy Profile

(Free Report)

PBF Energy is an independent petroleum refiner and supplier headquartered in Parsippany, New Jersey. Founded in 2008, the company operates refineries in several U.S. regions, including the East Coast, Midwest, Gulf Coast and West Coast.

PBF processes crude oil and other feedstocks into transportation fuels and other petroleum products. Its product slate includes gasoline, diesel, jet fuel, heating oil, lubricants and petrochemical feedstocks, which it supplies to wholesale and commercial customers.

The company also has logistics operations that support the movement and storage of crude oil and refined products through pipelines, terminals and related infrastructure.