PBF Energy (NYSE:PBF) Stock Rating Upgraded by Wall Street Zen

PBF Energy (NYSE:PBF) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

PBF has been the subject of several other research reports. Scotiabank lifted their price objective on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Morgan Stanley raised their target price on shares of PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. Evercore started coverage on shares of PBF Energy in a research note on Friday, July 17th. They issued an “in-line” rating and a $58.00 price target for the company. Finally, Freedom Capital upgraded shares of PBF Energy to a “hold” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, PBF Energy has an average rating of “Hold” and a consensus target price of $46.31.

PBF Energy Stock Down 0.2%

Shares of NYSE PBF opened at $72.13 on Friday. The stock has a market cap of $8.53 billion, a P/E ratio of 6.38, a PEG ratio of 0.12 and a beta of 0.10. The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 0.27. PBF Energy has a 12-month low of $21.24 and a 12-month high of $74.74. The business’s fifty day simple moving average is $49.20 and its 200-day simple moving average is $42.98.

PBF Energy (NYSE:PBF) last released its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.27% and a net margin of 3.94%.The firm had revenue of $11.68 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the firm posted ($1.03) EPS. PBF Energy’s revenue for the quarter was up 56.2% on a year-over-year basis. As a group, equities analysts predict that PBF Energy will post 10.94 EPS for the current fiscal year.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital sold 570,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00. Following the transaction, the insider directly owned 17,142,128 shares in the company, valued at $794,709,054.08. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 3,196,570 shares of company stock valued at $155,004,356 in the last 90 days. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Torren Management LLC acquired a new position in PBF Energy in the fourth quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in shares of PBF Energy during the fourth quarter worth about $31,000. Leonteq Securities AG acquired a new stake in shares of PBF Energy during the first quarter worth about $33,000. Smartleaf Asset Management LLC increased its position 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 worth $38,000 after purchasing an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of PBF Energy in the 4th quarter valued at about $57,000. Institutional investors and hedge funds 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: Strong earnings rebound: PBF reported second-quarter EPS of $6.22, versus the $4.05–$4.15 consensus range and a loss of $1.03 a year earlier. Revenue rose 56.2% year over year to $11.68 billion, helped by stronger refining margins, higher throughput and the Martinez restart. PBF Energy Q2 Earnings Beat Estimates on Higher Refining Margins
• Positive Sentiment: Cash generation and debt reduction improved: PBF reported $1.27 billion of second-quarter operating income, received a $250 million Martinez-related installment and reduced gross debt by more than $1 billion. Management also projected approximately $1.5 billion of cash by the end of July while targeting a midpoint of $850 million in 2026 capital expenditures. PBF Energy Announces Second Quarter 2026 Results PBF projects cash and capital expenditures
• Positive Sentiment: Shareholder returns and bullish positioning: PBF declared a quarterly dividend of $0.275 per share, while unusual call-option activity suggests increased speculative interest following the earnings beat.
• Neutral Sentiment: Analyst target raised but rating remains neutral: Citigroup increased its price target from $65 to $74, implying only modest additional upside from the referenced price, while maintaining a “neutral” rating. This may limit incremental buying after the recent rally.
• Neutral Sentiment: Refinery maintenance deferred: PBF delayed planned turnaround work at three refineries, which could support near-term production and earnings but may push necessary maintenance into future periods. PBF Energy delays refinery turnaround work

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.