PBF Energy Inc. (NYSE:PBF) Stock Has Average Price Target of $66.18

Shares of PBF Energy Inc. (NYSE:PBF) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $70.91.

A number of analysts recently commented on PBF shares. Citigroup lifted their target price on shares of PBF Energy from $74.00 to $91.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. TD Cowen upped their target price on PBF Energy from $73.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Piper Sandler started coverage on PBF Energy in a report on Tuesday. They set a “neutral” rating and a $94.00 target price for the company. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of PBF Energy from $38.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, September 14th.

More PBF Energy News

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

• Positive Sentiment: Major earnings and revenue beat: PBF reported quarterly earnings of $12.78 per share, exceeding the $11.12 analyst consensus, while revenue reached $12.13 billion versus expectations of $10.60 billion. Revenue increased 58.6% year over year, and the company swung from a $0.52-per-share loss in the prior-year quarter to substantial profitability. PBF Energy Announces Third Quarter 2026 Results
• Positive Sentiment: Strong operating performance and balance-sheet improvement: Third-quarter income from operations was $2.10 billion, compared with $285.9 million a year earlier. PBF ended the quarter with approximately $2.5 billion in cash and $2.1 billion in debt, while reducing net debt substantially. The Martinez refinery also returned to full capacity in May, supporting production and earnings. PBF Energy Posts Third-Quarter Net Income
• Positive Sentiment: Dividend increased: PBF raised its quarterly dividend 18.2%, from $0.275 to $0.325 per share, equivalent to $1.30 annually and a yield of approximately 1.7%. The dividend is payable November 24 to shareholders of record November 12. PBF Energy Reports Third-Quarter Results and Declares Dividend
• Positive Sentiment: Additional cost-reduction opportunity: Management is increasing refinery improvement efforts and targeting more than $350 million in savings, potentially supporting future margins and cash flow. PBF Energy Boosts Refinery Improvement Efforts
• Negative Sentiment: Insider selling is a cautionary signal: Reported insider activity over the past six months shows numerous sales and no purchases, including sizable sales by company executives and a controlling shareholder. This may temper investor enthusiasm despite the strong quarterly results.

Insider Activity

In other PBF Energy news, Director Thomas Nimbley sold 116,008 shares of PBF Energy stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $73.73, for a total transaction of $8,553,269.84. Following the completion of the transaction, the director owned 793,737 shares in the company, valued at approximately $58,522,229.01. This trade represents a 12.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Control Empresarial De Capital sold 170,000 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $88.03, for a total value of $14,965,100.00. Following the completion of the sale, the insider owned 13,326,127 shares in the company, valued at $1,173,098,959.81. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,656,374 shares of company stock worth $269,769,137 over the last ninety days. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On PBF Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC grew its position in PBF Energy by 3.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,826 shares of the oil and gas company’s stock valued at $371,000 after buying an additional 141 shares during the period. Parallel Advisors LLC raised its position in shares of PBF Energy by 6.8% in the first quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock worth $180,000 after acquiring an additional 242 shares during the period. PNC Financial Services Group Inc. raised its position in shares of PBF Energy by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 260 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of PBF Energy by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company’s stock worth $375,000 after acquiring an additional 383 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of PBF Energy by 3.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,315 shares of the oil and gas company’s stock worth $682,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

PBF Energy Trading Up 3.4%

Shares of NYSE PBF opened at $75.76 on Friday. PBF Energy has a 1-year low of $25.62 and a 1-year high of $92.46. The business has a fifty day moving average price of $77.20 and a 200 day moving average price of $53.28. The stock has a market capitalization of $8.98 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 0.08 and a beta of 0.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $12.78 EPS for the quarter, beating the consensus estimate of $11.12 by $1.66. The business had revenue of $12.13 billion during the quarter, compared to analyst estimates of $10.60 billion. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company’s quarterly revenue was up 58.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.52) earnings per share. Equities research analysts expect that PBF Energy will post 24.77 EPS for the current fiscal year.

PBF Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Thursday, November 12th will be issued a $0.3250 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This is a positive change from PBF Energy’s previous quarterly dividend of $0.2750. This represents a $1.30 annualized dividend and a yield of 1.7%. PBF Energy’s dividend payout ratio is currently 9.73%.

PBF Energy Company Profile

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiner and supplier of transportation fuels, heating oil, petrochemical feedstocks, lubricants, asphalt and other refined petroleum products. The company purchases crude oil and other feedstocks, processes them at its refineries, and sells the resulting products to branded and unbranded fuel retailers, distributors, wholesalers and commercial customers.

PBF operates refineries in several major U.S. refining regions, including the East Coast, Midwest, Gulf Coast and West Coast.