PBF Energy (NYSE:PBF) Sets New 52-Week High – Here’s What Happened

PBF Energy Inc. (NYSE:PBF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $75.20 and last traded at $74.6170, with a volume of 432864 shares trading hands. The stock had previously closed at $71.85.

PBF Energy News Summary

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

• Positive Sentiment: PBF’s second-quarter results showed a substantial turnaround, with adjusted earnings of $6.22 per share versus a $1.03 loss in the year-ago period. Revenue rose 56.2% year over year to $11.68 billion, exceeding estimates. PBF Energy Gains as Investors Continue to Digest Strong Q2 Results and Favorable Refining Conditions
• Positive Sentiment: The Martinez refinery restart was completed in May, removing a major operational overhang following the 2025 fire and potentially restoring additional earnings capacity. Refining margins and tight fuel markets are also supporting the industry outlook. Why Watch PBF Energy After Its Martinez Refinery Restart?
• Positive Sentiment: PBF reduced gross debt by more than $1 billion during the quarter and declared a quarterly dividend of $0.275, strengthening the balance-sheet and shareholder-return narrative. PBF Energy Stock Information
• Positive Sentiment: Goldman Sachs raised its price target from $71 to $81 while maintaining a neutral rating. Zacks also highlighted PBF as a low price-to-sales and long-term value candidate. Goldman Sachs Price Target Update
• Neutral Sentiment: At a low earnings multiple, PBF’s valuation appears attractive if elevated refining margins persist; however, refining earnings are cyclical and can weaken quickly as fuel spreads normalize. PBF Energy Refining Margins Put Valuation In Focus
• Negative Sentiment: Insiders reported sizable sales, including transactions by the CEO, a director, an SVP and Control Empresarial totaling approximately $43.5 million. Although substantial shares remain owned, the concentration of selling may pressure sentiment. PBF Energy Insider Sale Filing
• Negative Sentiment: Some analysts remain cautious: recent published targets have generally been well below current trading levels, reflecting concerns that refining margins and unusually strong earnings may not be sustainable. PBF Energy Market Analysis

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on PBF Energy from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Evercore initiated coverage on PBF Energy in a research report on Friday, July 17th. They issued an “in-line” rating and a $58.00 price objective for the company. The Goldman Sachs Group increased their price objective on PBF Energy from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Tuesday. Freedom Capital cut shares of PBF Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, TD Cowen upped their price target on shares of PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, PBF Energy presently has an average rating of “Reduce” and a consensus price target of $50.92.

PBF Energy Stock Performance

The company’s 50-day moving average price is $55.72 and its 200 day moving average price is $46.05. The stock has a market capitalization of $8.89 billion, a PE ratio of 6.64, a PEG ratio of 0.08 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33.

PBF Energy (NYSE:PBF) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company had revenue of $11.68 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the company earned ($1.03) earnings per share. PBF Energy’s quarterly revenue was up 56.2% on a year-over-year basis. On average, equities research analysts expect that PBF Energy Inc. will post 15.74 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. PBF Energy’s dividend payout ratio is 9.73%.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital sold 570,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $46.36, for a total value of $26,425,200.00. Following the completion of the transaction, the insider owned 17,142,128 shares of the company’s stock, valued at approximately $794,709,054.08. This represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew C. Lucey sold 225,473 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $71.92, for a total value of $16,216,018.16. Following the completion of the transaction, the chief executive officer owned 495,771 shares of the company’s stock, valued at approximately $35,655,850.32. The trade was a 31.26% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,702,666 shares of company stock valued at $337,355,274. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of PBF Energy

A number of hedge funds have recently modified their holdings of PBF. Torren Management LLC purchased a new position in PBF Energy during the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new stake in PBF Energy in the fourth quarter worth about $31,000. Leonteq Securities AG bought a new position in shares of PBF Energy during the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its stake in shares of PBF Energy by 65.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of PBF Energy during the fourth quarter valued at approximately $57,000. Institutional investors own 96.29% of the company’s stock.

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.