The Goldman Sachs Group Raises PBF Energy (NYSE:PBF) Price Target to $81.00

Key Points

• Goldman Sachs raised its PBF Energy price target from $71 to $81 while maintaining a “neutral” rating, implying approximately 7.9% upside from the stock’s current price.
• PBF reported strong quarterly results, with earnings of $6.22 per share versus the $4.15 consensus estimate and revenue up 56.2% year over year to $11.68 billion.
• Despite strong performance and high institutional ownership, analyst sentiment remains cautious: MarketBeat lists a consensus “Reduce” rating, while insiders sold millions of shares, including sizable sales by the CEO and a senior vice president.

PBF Energy (NYSE:PBF - Get Free Report) had its price target raised by research analysts at The Goldman Sachs Group from $71.00 to $81.00 in a report released on Tuesday, Marketbeat reports. The firm currently has a "neutral" rating on the oil and gas company's stock. The Goldman Sachs Group's target price points to a potential upside of 7.94% from the stock's current price.

PBF has been the subject of a number of other research reports. UBS Group raised their price objective on PBF Energy from $62.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Evercore assumed coverage on shares of PBF Energy in a research report on Friday, July 17th. They set an "in-line" rating and a $58.00 price target for the company. Freedom Capital cut shares of PBF Energy from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. Citigroup increased their price objective on shares of PBF Energy from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, Mizuho raised their price objective on shares of PBF Energy from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $50.92.

PBF Energy Stock Performance

NYSE:PBF opened at $75.04 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The firm has a 50-day moving average of $55.03 and a two-hundred day moving average of $45.76. The stock has a market cap of $8.90 billion, a P/E ratio of 6.64, a PEG ratio of 0.08 and a beta of 0.10. PBF Energy has a 1-year low of $22.13 and a 1-year high of $75.68.

PBF Energy (NYSE:PBF - Get Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, beating 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 company had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the firm earned ($1.03) earnings per share. The company's revenue was up 56.2% on a year-over-year basis. On average, research analysts expect that PBF Energy will post 15.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PBF Energy news, SVP Paul T. Davis sold 63,295 shares of PBF Energy stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $70.40, for a total value of $4,455,968.00. Following the completion of the transaction, the senior vice president owned 183,426 shares of the company's stock, valued at $12,913,190.40. The trade was a 25.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew C. Lucey sold 142,364 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $73.50, for a total transaction of $10,463,754.00. Following the sale, the chief executive officer owned 495,771 shares of the company's stock, valued at approximately $36,439,168.50. The trade was a 22.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,702,666 shares of company stock worth $337,355,274. Corporate insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company's stock valued at $180,000 after buying an additional 242 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in PBF Energy by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,850 shares of the oil and gas company's stock worth $326,000 after acquiring an additional 260 shares during the last quarter. Merit Financial Group LLC lifted its holdings in PBF Energy by 3.4% in the fourth quarter. Merit Financial Group LLC now owns 9,900 shares of the oil and gas company's stock worth $268,000 after acquiring an additional 325 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in PBF Energy by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 7,885 shares of the oil and gas company's stock valued at $375,000 after acquiring an additional 383 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PBF Energy by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,617 shares of the oil and gas company's stock valued at $863,000 after purchasing an additional 432 shares during the last quarter. 96.29% of the stock is currently owned by institutional investors.

More PBF Energy News

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

• Positive Sentiment: PBF reported adjusted second-quarter earnings of $6.22 per share, well above the $4.15 consensus estimate and a significant improvement from a loss of $1.03 per share a year earlier. Revenue rose 56.2% to $11.68 billion. PBF Energy Gains as Investors Continue to Digest Strong Q2 Results and Favorable Refining Conditions
• Positive Sentiment: The Martinez refinery restart was completed in May, removing a major operational overhang after the 2025 fire. PBF also reduced gross debt by more than $1 billion during the quarter and declared a $0.275 quarterly dividend. PBF Energy Quarterly Results and Refinery Restart
• Positive Sentiment: Elevated gasoline prices and tight fuel markets could support stronger refining margins, benefiting independent refiners such as PBF. The stock’s low valuation relative to projected earnings is also attracting value-oriented interest. Refining Stocks and Gasoline Prices
• Neutral Sentiment: Institutional ownership remains high, at approximately 96%, and recent quarterly filings showed several major investors adding shares, although other funds reduced their positions. This indicates continued interest but mixed institutional conviction.
• Negative Sentiment: Multiple insiders sold shares on August 14, including CEO Matthew Lucey, Director Thomas Nimbley, SVP Trecia Canty and Control Empresarial de Capital. The reported transactions totaled roughly $44 million; the control shareholder still owns about 14.4 million shares, but the breadth of selling could concern investors. PBF Energy Insider Sale Filing
• Negative Sentiment: Analyst opinion remains cautious after the stock’s sharp advance toward its 52-week high. Recent price targets have a median of $41, while MarketBeat reports a consensus “Reduce” rating and an average target of $50.15, implying concern that refining margins may normalize.

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.

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