PBF Energy Inc. $PBF Shares Sold by Recurrent Investment Advisors LLC

Key Points

• Recurrent Investment Advisors cut its stake in PBF Energy by 25.8% in Q3, selling 615,718 shares and now holds 1,772,106 shares valued at about $53.5 million (PBF is 4.1% of its portfolio).
• Insider selling has been sizable: Control Empresarial De Capital sold 903,100 shares on Mar 4 (avg $42.62) and additional ~860,000 shares on Mar 10–11, while insiders have disposed of 5,072,979 shares worth ~$194.3 million over the past 90 days.
• Analyst sentiment is mixed-to-negative with a MarketBeat consensus rating of "Reduce" and a consensus target of $31.15, versus the stock trading around $42.91 (2 buys, 8 holds, 5 sells among analysts).

Recurrent Investment Advisors LLC decreased its stake in PBF Energy Inc. (NYSE:PBF - Free Report) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,772,106 shares of the oil and gas company's stock after selling 615,718 shares during the period. PBF Energy makes up 4.1% of Recurrent Investment Advisors LLC's portfolio, making the stock its 11th biggest position. Recurrent Investment Advisors LLC owned 1.53% of PBF Energy worth $53,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in PBF Energy in the third quarter valued at approximately $10,207,000. First Eagle Investment Management LLC raised its stake in shares of PBF Energy by 7.9% during the third quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company's stock valued at $16,519,000 after purchasing an additional 40,129 shares during the period. Nomura Holdings Inc. acquired a new position in shares of PBF Energy during the second quarter worth $5,843,000. Allianz Asset Management GmbH lifted its position in shares of PBF Energy by 1,232.0% during the third quarter. Allianz Asset Management GmbH now owns 267,091 shares of the oil and gas company's stock worth $8,058,000 after purchasing an additional 247,039 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of PBF Energy by 264.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company's stock valued at $2,922,000 after purchasing an additional 70,312 shares during the period. Institutional investors and hedge funds own 96.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBF shares. Tudor Pickering raised shares of PBF Energy from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. Wolfe Research cut shares of PBF Energy from a "peer perform" rating to an "underperform" rating and set a $23.00 price objective for the company. in a research report on Monday, December 8th. Citigroup raised their target price on PBF Energy from $29.00 to $36.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a "sell (d)" rating on shares of PBF Energy in a research note on Monday, December 29th. Finally, BMO Capital Markets restated a "market perform" rating and set a $34.00 price objective on shares of PBF Energy in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $31.15.

Key Stories Impacting PBF Energy

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

• Positive Sentiment: Analyst/market commentary notes an Iran-related supply disruption tailwind that benefits independent refiners with export and complexity advantages like PBF; that narrative is supporting investor interest. PBF Energy: Iran Tailwind Factored In
• Positive Sentiment: PBF appears on lists of stocks with short‑squeeze potential; elevated short interest combined with stronger oil/refining fundamentals can amplify upside if short covering accelerates. 15 Stocks With the Most Short Squeeze Potential
• Neutral Sentiment: Goldman Sachs raised its price target to $41 from $33 but kept a "neutral" rating — an upgrade in target that still signals cautious analyst conviction (the new target is roughly in line with current trading). Goldman Sachs Raises PBF Target
• Neutral Sentiment: PBF announced management will present at the Piper Sandler Energy Conference (Mar 16–17), which could provide fresh commentary on margins, capital allocation and refinery utilization. PBF Energy to Participate in Piper Sandler Energy Conference
• Negative Sentiment: Control Empresarial De Capital executed sizeable insider sales this week (838,000 shares sold on Mar 11 at ~$41.91 and 22,000 shares on Mar 10 at ~$40.08), reducing its stake — large insider selling can weigh on sentiment and raise questions about timing. SEC Form 4 (Control Empresarial De Capital)
• Negative Sentiment: Unusually high volume of put options traded on PBF indicates increased bearish positioning or hedging interest, which can add selling pressure or signal trader skepticism about near‑term upside. Stock Traders Buy High Volume of PBF Energy Put Options

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital sold 903,100 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.62, for a total transaction of $38,490,122.00. Following the completion of the sale, the insider owned 26,469,098 shares of the company's stock, valued at $1,128,112,956.76. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 5,072,979 shares of company stock valued at $194,332,262. Insiders own 5.30% of the company's stock.

PBF Energy Stock Performance

PBF stock opened at $42.91 on Friday. The stock's 50 day simple moving average is $34.57 and its 200 day simple moving average is $32.30. PBF Energy Inc. has a 12-month low of $13.61 and a 12-month high of $47.18. The firm has a market cap of $5.02 billion, a P/E ratio of -29.19, a P/E/G ratio of 4.47 and a beta of 0.41. The company has a current ratio of 1.21, a quick ratio of 0.51 and a debt-to-equity ratio of 0.40.

PBF Energy (NYSE:PBF - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.64. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the previous year, the company posted ($2.82) earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that PBF Energy Inc. will post -1.12 EPS for the current year.

PBF Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. PBF Energy's payout ratio is -74.83%.

PBF Energy 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.

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