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

PBF Energy (NYSE:PBF) had its target price raised by Citigroup from $36.00 to $43.00 in a research report report published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts also recently weighed in on PBF. Mizuho raised their target price on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. The Goldman Sachs Group initiated coverage on shares of PBF Energy in a research note on Friday, April 10th. They set a “neutral” rating and a $49.00 target price for the company. Tudor Pickering raised shares of PBF Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Morgan Stanley raised their target price on shares of PBF Energy from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets raised their target price on shares of PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $35.92.

PBF Energy Stock Performance

Shares of NYSE PBF traded down $0.34 during midday trading on Friday, reaching $43.02. The company’s stock had a trading volume of 3,286,799 shares, compared to its average volume of 3,111,716. PBF Energy has a 12-month low of $16.47 and a 12-month high of $52.18. The firm has a 50 day moving average price of $42.56 and a 200-day moving average price of $35.90. The stock has a market capitalization of $5.03 billion, a P/E ratio of -29.27, a PEG ratio of 0.18 and a beta of 0.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.18% and a net margin of 1.46%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted ($3.53) EPS. As a group, equities analysts predict that PBF Energy will post 5.92 earnings per share for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, May 14th. PBF Energy’s dividend payout ratio (DPR) is currently -74.83%.

Insider Buying and Selling at PBF Energy

In related news, insider Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the transaction, the insider owned 22,996,898 shares in the company, valued at approximately $1,062,686,656.58. The trade was a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 11,321,825 shares of company stock worth $499,356,267. 5.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of PBF Energy by 197.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 589 shares in the last quarter. Torren Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the 4th quarter valued at $31,000. Leonteq Securities AG purchased a new position in shares of PBF Energy during the 1st quarter valued at $33,000. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of PBF Energy by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 440 shares in the last quarter. Hedge funds and other 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: Operational cash and balance‑sheet supports: PBF reported $299.6M income from operations excluding special items, received a $106.5M insurance/installment related to the Martinez fire, and signaled $350M of run‑rate refinery optimization (RBI) savings by end‑2026 — all support near‑term cash flow and the recently declared quarterly dividend of $0.275/share. PBF Energy Announces First Quarter 2026 Results, Declares Dividend…
• Positive Sentiment: Martinez restart progress: Management expects the Martinez refinery FCC to restart and reach full planned rates in early May, which should materially reduce outage-related headwinds if timing holds. PBF Expects Martinez Refinery’s FCC to Restart Production in Early May — OPIS
• Neutral Sentiment: Top‑line beat but GAAP miss: Revenue beat estimates ($7.90B vs. consensus ~ $7.3B), indicating resilient throughput and demand, but GAAP EPS missed due to a $208.8M mark‑to‑market derivative loss — operational strength but earnings volatility. PBF Energy (PBF) Reports Q1 Loss, Beats Revenue Estimates
• Neutral Sentiment: Analyst/target update: Citigroup raised its price target to $43 but kept a “neutral” rating (PT now roughly in line with the stock), which is mixed for momentum. Benzinga
• Negative Sentiment: Refinery delays weighed on sentiment: Coverage notes and market reaction highlighted that Martinez delays and related operational disruption pressured the stock despite some operational wins. PBF Energy falls despite earnings beat as refinery delays weigh
• Negative Sentiment: Insider selling: Control Empresarial De Capital has recently sold large blocks (including 362,000 shares on April 29 and additional sales), which can amplify downward pressure on sentiment even though the holder retains a large position. SEC Form 4 — Insider Sale

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.