PBF Energy Inc. (NYSE:PBF) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Analyst consensus: Fifteen analysts give PBF a consensus rating of "Reduce" (5 sell, 8 hold, 2 buy) with an average 12‑month price target of $35.92, below the recent share price (~$43), supporting a bearish view.
• Operational snapshot: PBF beat Q1 revenue estimates ($7.90B) but missed GAAP EPS due to a $208.8M mark‑to‑market derivative loss; management expects the Martinez refinery FCC to restart in early May, targets $350M of run‑rate refinery optimization savings by end‑2026, and declared a $0.275 quarterly dividend.
• Sentiment pressure from insider selling: Insiders (including Control Empresarial De Capital and the SVP) sold large blocks recently—about 11.32M shares (~$499M) over the past three months—which has amplified downward sentiment despite high institutional ownership.

PBF Energy Inc. (NYSE:PBF - Get Free Report) has earned a consensus recommendation of "Reduce" from the fifteen analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $35.9231.

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of PBF Energy from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Tudor Pickering upgraded shares of PBF Energy from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. The Goldman Sachs Group began coverage on shares of PBF Energy in a report on Friday, April 10th. They issued a "neutral" rating and a $49.00 price objective for the company. Mizuho upped their price target on shares of PBF Energy from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Finally, Citigroup upped their price target on shares of PBF Energy from $36.00 to $43.00 and gave the company a "neutral" rating in a report on Friday.

PBF Energy News Summary

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

• Positive Sentiment: Operational cash and balance‑sheet supports: PBF reported $299.6M income from operations excluding special items, received a $106.5M insurance/installment related to the Martinez fire, and signaled $350M of run‑rate refinery optimization (RBI) savings by end‑2026 — all support near‑term cash flow and the recently declared quarterly dividend of $0.275/share. PBF Energy Announces First Quarter 2026 Results, Declares Dividend...
• Positive Sentiment: Martinez restart progress: Management expects the Martinez refinery FCC to restart and reach full planned rates in early May, which should materially reduce outage-related headwinds if timing holds. PBF Expects Martinez Refinery's FCC to Restart Production in Early May -- OPIS
• Neutral Sentiment: Top‑line beat but GAAP miss: Revenue beat estimates ($7.90B vs. consensus ~ $7.3B), indicating resilient throughput and demand, but GAAP EPS missed due to a $208.8M mark‑to‑market derivative loss — operational strength but earnings volatility. PBF Energy (PBF) Reports Q1 Loss, Beats Revenue Estimates
• Neutral Sentiment: Analyst/target update: Citigroup raised its price target to $43 but kept a "neutral" rating (PT now roughly in line with the stock), which is mixed for momentum. Benzinga
• Negative Sentiment: Refinery delays weighed on sentiment: Coverage notes and market reaction highlighted that Martinez delays and related operational disruption pressured the stock despite some operational wins. PBF Energy falls despite earnings beat as refinery delays weigh
• Negative Sentiment: Insider selling: Control Empresarial De Capital has recently sold large blocks (including 362,000 shares on April 29 and additional sales), which can amplify downward pressure on sentiment even though the holder retains a large position. SEC Form 4 — Insider Sale

Insider Activity at PBF Energy

In related news, insider Control Empresarial De Capital sold 3,000 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $44.41, for a total transaction of $133,230.00. Following the completion of the sale, the insider directly owned 18,888,698 shares in the company, valued at $838,847,078.18. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP James E. Fedena sold 77,085 shares of the company's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $49.60, for a total transaction of $3,823,416.00. Following the sale, the senior vice president owned 139,016 shares of the company's stock, valued at $6,895,193.60. This represents a 35.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,321,825 shares of company stock worth $499,356,267 in the last three months. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in PBF Energy in the 3rd quarter worth $10,207,000. First Eagle Investment Management LLC raised its holdings in PBF Energy by 7.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 547,546 shares of the oil and gas company's stock worth $16,519,000 after purchasing an additional 40,129 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in PBF Energy by 1,232.0% in the 3rd 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. Dynamic Technology Lab Private Ltd bought a new position in PBF Energy in the 3rd quarter worth $823,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in PBF Energy by 264.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,856 shares of the oil and gas company's stock worth $2,922,000 after purchasing an additional 70,312 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

PBF Energy Trading Down 0.8%

Shares of PBF opened at $43.02 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.18 and a beta of 0.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21. PBF Energy has a fifty-two week low of $16.47 and a fifty-two week high of $52.18. The firm has a 50 day moving average price of $42.56 and a 200-day moving average price of $35.95.

PBF Energy (NYSE:PBF - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.79) by ($0.09). The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.32 billion. PBF Energy had a negative return on equity of 4.18% and a net margin of 1.46%.The company's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($3.53) earnings per share. As a group, equities research analysts forecast that PBF Energy will post 5.92 earnings per share for the current year.

PBF Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, May 14th. PBF Energy's dividend payout ratio is currently -74.83%.

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.

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