Analysts’ Recent Ratings Changes for PBF Energy (PBF)

Several brokerages have updated their recommendations and price targets on shares of PBF Energy (NYSE: PBF) in the last few weeks:

• 5/8/2026 – PBF Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/1/2026 – PBF Energy had its price target raised by Citigroup Inc. from $36.00 to $43.00. They now have a “neutral” rating on the stock.
• 4/27/2026 – PBF Energy had its price target lowered by TD Cowen from $41.00 to $36.00. They now have a “sell” rating on the stock.
• 4/24/2026 – PBF Energy had its price target raised by Morgan Stanley from $27.00 to $34.00. They now have an “underweight” rating on the stock.
• 4/22/2026 – PBF Energy had its price target raised by Scotiabank from $28.00 to $34.00. They now have a “sector perform” rating on the stock.
• 4/18/2026 – PBF Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 4/10/2026 – PBF Energy is now covered by The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $49.00 price target on the stock.
• 4/4/2026 – PBF Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/2/2026 – PBF Energy had its price target raised by BMO Capital Markets from $43.00 to $50.00. They now have a “market perform” rating on the stock.
• 3/27/2026 – PBF Energy was upgraded by Scotiabank to “hold”.
• 3/17/2026 – PBF Energy had its price target raised by Mizuho from $38.00 to $45.00. They now have a “neutral” rating on the stock.

PBF Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.10 annualized dividend and a yield of 2.5%. PBF Energy’s dividend payout ratio (DPR) is 29.65%.

Insider Activity

In other news, insider Control Empresarial De Capital sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.91, for a total transaction of $10,100,200.00. Following the completion of the sale, the insider directly owned 18,468,698 shares in the company, valued at $847,897,925.18. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James E. Fedena sold 77,085 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $49.60, for a total value of $3,823,416.00. Following the completion of the transaction, the senior vice president directly owned 139,016 shares in the company, valued at approximately $6,895,193.60. The trade was a 35.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,371,525 shares of company stock worth $470,473,121 over the last 90 days. Company insiders own 5.50% of the company’s stock.

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.