PBF Energy (NYSE:PBF) Price Target Raised to $50.00

PBF Energy (NYSE:PBF) had its price objective boosted by analysts at BMO Capital Markets from $43.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective points to a potential upside of 10.70% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Piper Sandler boosted their target price on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Mizuho boosted their price objective on PBF Energy from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Scotiabank upgraded PBF Energy to a “hold” rating in a research note on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PBF Energy in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, PBF Energy currently has an average rating of “Reduce” and an average target price of $32.92.

PBF Energy Stock Down 2.0%

Shares of PBF traded down $0.92 during trading hours on Thursday, reaching $45.17. 946,288 shares of the stock traded hands, compared to its average volume of 3,824,776. PBF Energy has a 52 week low of $13.61 and a 52 week high of $52.18. The company has a market cap of $5.28 billion, a price-to-earnings ratio of -30.73, a PEG ratio of 0.59 and a beta of 0.24. The stock has a fifty day simple moving average of $39.28 and a 200 day simple moving average of $34.29. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.64. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.82) EPS. On average, equities analysts forecast that PBF Energy will post -1.12 EPS for the current year.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital sold 1,100,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $46.21, for a total transaction of $50,831,000.00. Following the completion of the transaction, the insider directly owned 22,996,898 shares of the company’s stock, valued at approximately $1,062,686,656.58. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 11,316,825 shares of company stock valued at $492,838,557 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of PBF Energy

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of PBF Energy by 127.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock valued at $171,595,000 after buying an additional 3,550,820 shares during the last quarter. Invesco Ltd. increased its holdings in PBF Energy by 147.4% in the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after acquiring an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC raised its stake in PBF Energy by 230.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock valued at $45,183,000 after acquiring an additional 1,454,500 shares during the period. Norges Bank bought a new stake in PBF Energy in the 4th quarter valued at about $34,243,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in PBF Energy by 2,198.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock valued at $36,577,000 after purchasing an additional 1,159,628 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

More PBF Energy News

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

• Positive Sentiment: Zacks highlights PBF as a long‑term value stock, arguing company fundamentals and valuation make it attractive for patient investors. Zacks article
• Positive Sentiment: The Motley Fool lists refiners and related energy names (including refiners like PBF) as potential beneficiaries of geopolitical supply disruptions, a theme that can support refining margins and drive investor interest in PBF. Fool article
• Neutral Sentiment: Intraday trade count and volume are lighter than PBF’s average daily volume, implying today’s price move may be driven by headlines rather than broad institutional flows.
• Negative Sentiment: Significant insider selling over Mar. 26–31: Control Empresarial De Capital sold several large blocks (637,000; 600,000; 200,000; 85,000 shares across Mar. 26–31), and multiple executives (SVPs Paul T. Davis and James E. Fedena, and director Thomas J. Nimbley) also sold sizable positions. The collective sales total millions of shares worth tens of millions of dollars and represent measurable reductions in insider ownership — a potential near‑term headwind as it increases supply and can signal profit‑taking by insiders. Filings: Control Empresarial form4 Control Empresarial form4 Control Empresarial form4 2 Paul T. Davis filing James Fedena filing Thomas Nimbley filing

About PBF Energy

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.