Citigroup Issues Positive Forecast for PBF Energy (NYSE:PBF) Stock Price

PBF Energy (NYSE:PBF) had its price objective increased by Citigroup from $65.00 to $74.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s target price suggests a potential upside of 2.59% from the company’s previous close.

A number of other equities analysts also recently weighed in on PBF. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Zacks Research raised PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. TD Cowen increased their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Mizuho upped their target price on PBF Energy from $48.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Freedom Capital raised shares of PBF Energy to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.31.

PBF Energy Stock Performance

Shares of PBF stock traded down $0.97 on Friday, hitting $72.13. 3,094,399 shares of the stock were exchanged, compared to its average volume of 3,373,756. The firm has a market capitalization of $8.53 billion, a PE ratio of 19.44, a P/E/G ratio of 0.10 and a beta of 0.11. The firm’s 50 day moving average is $48.57 and its two-hundred day moving average is $42.71. PBF Energy has a one year low of $21.24 and a one year high of $74.74. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.15 by $2.07. The business had revenue of $11.68 billion for the quarter, compared to analyst estimates of $9.61 billion. PBF Energy had a negative return on equity of 4.12% and a net margin of 1.46%.The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.03) EPS. Sell-side analysts expect that PBF Energy will post 10.94 earnings per share for the current fiscal year.

Insider Transactions at PBF Energy

In related news, insider Control Empresarial De Capital sold 570,000 shares of PBF Energy stock in a transaction on Monday, June 29th. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00. Following the transaction, the insider directly owned 17,142,128 shares in the company, valued at $794,709,054.08. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 3,396,570 shares of company stock worth $163,978,356. Company insiders own 5.50% of the company’s stock.

Institutional Trading of PBF Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in PBF Energy by 63.6% during the 1st quarter. Royal Bank of Canada now owns 30,932 shares of the oil and gas company’s stock valued at $590,000 after purchasing an additional 12,025 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PBF Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,723 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 2,609 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PBF Energy by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,704 shares of the oil and gas company’s stock valued at $4,996,000 after buying an additional 12,289 shares during the period. Acadian Asset Management LLC lifted its holdings in PBF Energy by 261.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,354 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of PBF Energy during the second quarter worth approximately $1,143,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting PBF Energy

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

• Positive Sentiment: Second-quarter earnings were $6.22 per share, well above the roughly $4.05–$4.15 consensus range and a significant improvement from a $1.03-per-share loss a year earlier. Revenue rose 56.2% year over year to $11.68 billion. PBF Energy Q2 Earnings Beat Estimates on Higher Refining Margins
• Positive Sentiment: Income from operations reached $1.27 billion, versus $43 million in the prior-year quarter. Management also reduced gross debt by more than $1 billion and expects approximately $1.5 billion of cash by the end of July, strengthening the balance sheet. PBF Energy Announces Second Quarter 2026 Results
• Positive Sentiment: PBF declared a quarterly dividend of $0.275 per share, payable August 28 to shareholders of record August 14, while targeting an $850 million midpoint for 2026 capital spending. Increased cash generation and lower debt support shareholder returns. Dividend Announcement
• Neutral Sentiment: Unusual options activity included purchases of 7,100 call contracts, approximately 69% above average volume, indicating speculative bullish interest but not a change to the company’s fundamentals.
• Negative Sentiment: PBF delayed planned turnaround work at three refineries. Although postponements can preserve near-term throughput, they may increase maintenance and reliability risks and weigh on future production expectations. PBF Delays Planned Turnaround Work

PBF Energy Company Profile

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.