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

Teachers Retirement System of The State of Kentucky decreased its position in shares of PBF Energy Inc. (NYSE:PBF) by 34.7% during the 4th quarter, HoldingsChannel reports. The fund owned 26,333 shares of the oil and gas company’s stock after selling 14,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PBF Energy were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 589 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position 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 acquiring an additional 440 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 912 shares during the last quarter. Quent Capital LLC acquired a new position in shares of PBF Energy during the 3rd quarter valued at about $41,000. Finally, Acadian Asset Management LLC boosted its position in shares of 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 acquiring an additional 2,354 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PBF shares. Scotiabank boosted their price target on shares of PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen lowered their price target on shares of PBF Energy from $41.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday. Mizuho boosted their price target on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Citigroup boosted their price target on shares of PBF Energy from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets boosted their price target on shares of PBF Energy from $43.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, PBF Energy has an average rating of “Reduce” and an average target price of $35.38.

Insider Transactions at PBF Energy

In other news, insider Control Empresarial De Capital sold 3,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $44.41, for a total transaction of $133,230.00. Following the sale, the insider owned 18,888,698 shares of the company’s stock, valued at approximately $838,847,078.18. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Nimbley sold 50,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $50.62, for a total transaction of $2,531,000.00. Following the sale, the director directly owned 790,716 shares in the company, valued at $40,026,043.92. This represents a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,321,825 shares of company stock valued at $499,356,267. 5.50% of the stock is currently owned by corporate insiders.

PBF Energy Trading Up 0.6%

NYSE PBF opened at $43.39 on Friday. The firm’s 50-day moving average is $42.56 and its two-hundred day moving average is $35.90. PBF Energy Inc. has a 12 month low of $16.47 and a 12 month high of $52.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.51. The stock has a market capitalization of $5.07 billion, a P/E ratio of -29.52, a PEG ratio of 0.18 and a beta of 0.25.

PBF Energy (NYSE:PBF) last posted its 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). PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same period in the previous year, the company earned ($3.53) EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that PBF Energy Inc. 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 given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, May 14th. PBF Energy’s dividend payout ratio is currently -74.83%.

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 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.