PBF Energy Inc. $PBF Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in PBF Energy Inc. (NYSE:PBF) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,333 shares of the oil and gas company’s stock after selling 14,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PBF Energy were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of PBF Energy by 197.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of PBF Energy by 62.3% in 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 purchasing an additional 440 shares during the period. Hantz Financial Services Inc. increased its holdings in PBF Energy by 235.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 912 shares in the last quarter. Quent Capital LLC purchased a new stake in PBF Energy in the 3rd quarter worth $41,000. Finally, Acadian Asset Management LLC increased its holdings in PBF Energy by 261.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,256 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,354 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PBF Energy

In other news, SVP James E. Fedena sold 77,085 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $49.60, for a total transaction of $3,823,416.00. Following the completion of the sale, the senior vice president owned 139,016 shares of the company’s stock, valued at $6,895,193.60. This represents a 35.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Control Empresarial De Capital sold 3,000 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $44.41, for a total transaction of $133,230.00. Following the sale, the insider directly owned 18,888,698 shares of the company’s stock, valued at $838,847,078.18. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,321,825 shares of company stock valued at $499,356,267 over the last 90 days. 5.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PBF. TD Cowen cut their price target on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating for the company in a report on Monday. The Goldman Sachs Group began coverage on shares of PBF Energy in a report on Friday, April 10th. They issued a “neutral” rating and a $49.00 price target for the company. Scotiabank boosted their price target on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on shares of PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, BMO Capital Markets boosted their price target on shares of PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $35.38.

More PBF Energy News

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

• Positive Sentiment: PBF reported strong underlying refining results and corporate actions that support cash flow — income from operations excluding special items was $299.6M, the company declared a quarterly dividend of $0.275/sh, received a $106.5M insurance/installment related to the Martinez refinery fire, and said Martinez refinery restart is progressing with full planned rates expected in early May. PBF Energy Announces First Quarter 2026 Results, Declares Dividend…
• Neutral Sentiment: Top‑line performance was better than expected — revenue of $7.90B beat consensus (~$7.18B) and was up ~12% year‑over‑year — showing demand/resiliency in throughput even as earnings were mixed. PBF Energy (PBF) Reports Q1 Loss, Beats Revenue Estimates
• Neutral Sentiment: Shareholders re‑elected the board and approved the company’s pay and incentive plan at the April 28 annual meeting — removes near‑term governance overhang and keeps management strategy intact. PBF Energy Shareholders Back Board, Pay and Incentive Plan
• Negative Sentiment: PBF missed on GAAP EPS (loss of $0.88 vs. consensus loss of ~$0.25), driven in part by a $208.8M mark‑to‑market derivative loss that turned GAAP results negative; net margin and ROE remain negative — a reminder of volatility in reported earnings despite healthy operational cash. Q1 results and conference call
• Negative Sentiment: Insider selling: Control Empresarial De Capital sold a large block (362,000 shares at ~$43.50, ~$15.7M) on April 29 and a smaller block (3,000 shares) on April 30 — large insider disposition can weigh on sentiment even though the remaining stake is large. SEC Form 4 — Insider Sale

PBF Energy Price Performance

PBF Energy stock opened at $43.39 on Friday. PBF Energy Inc. has a 52-week low of $16.47 and a 52-week high of $52.18. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of -29.52, a PEG ratio of 0.18 and a beta of 0.25. The company has a fifty day simple moving average of $42.56 and a 200-day simple moving average of $35.90. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.09). PBF Energy had a negative return on equity of 8.86% and a negative net margin of 0.54%.The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the company earned ($3.53) EPS. PBF Energy’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that PBF Energy Inc. will post 5.92 EPS for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. PBF Energy’s dividend payout ratio is presently -74.83%.

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.