PBF Energy (NYSE:PBF) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of PBF Energy (NYSE:PBF) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other research analysts have also commented on PBF. Mizuho lifted their price target on PBF Energy from $48.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Zacks Research raised shares of PBF Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Citigroup raised their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research note on Monday, May 11th. Finally, Evercore assumed coverage on shares of PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.31.

PBF Energy Price Performance

PBF stock opened at $72.13 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The business has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $42.91. The firm has a market capitalization of $8.53 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.12 and a beta of 0.11. PBF Energy has a 1 year low of $21.24 and a 1 year high of $74.74.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.81% 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 quarter last year, the firm earned ($1.03) earnings per share. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Equities research analysts anticipate that PBF Energy will post 10.94 earnings per share for the current fiscal year.

PBF Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 currently 29.65%.

Insider Activity

In related news, insider Control Empresarial De Capital sold 220,000 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.96, for a total value of $14,071,200.00. Following the sale, the insider directly owned 15,492,128 shares in the company, valued at approximately $990,876,506.88. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 3,396,570 shares of company stock worth $163,978,356. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PBF Energy

A number of institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new position in shares of PBF Energy during the 1st quarter worth approximately $33,000. Torren Management LLC purchased a new stake in PBF Energy in the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in PBF Energy in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its stake in 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. acquired a new position in PBF Energy during the fourth quarter worth $57,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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.