PBF Energy (NYSE:PBF) Reaches New 12-Month High - Here's What Happened

2026-03-21 06:10:43 ET

PBF Energy Inc. ( NYSE:PBF – Get Free Report ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.36 and last traded at $48.7460, with a volume of 18967 shares changing hands. The stock had previously closed at $47.09.

Key Headlines Impacting PBF Energy

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

• Positive Sentiment: Analyst upgrade / momentum—Street commentary and at least one analyst upgrade helped lift sentiment and volume, supporting short?term buying pressure. PBF Energy (NYSE:PBF) Trading Up 5.3% on Analyst Upgrade
• Positive Sentiment: Mizuho bullishness—Mizuho raised its price target and flagged upside, which can attract buy-side interest after recent volatility. Mizuho Forecasts Strong Price Appreciation for PBF Energy (NYSE:PBF) Stock
• Positive Sentiment: Refining-margin tailwinds & Martinez restart — Industry commentary points to stronger gasoline/diesel crack spreads in March and progress on the Martinez refinery restart, both of which improve near?term refining profitability for PBF. PBF Energy jumps as refining-margin tailwinds and Martinez restart progress come back into focus
• Positive Sentiment: Unusual options activity—Traders bought ~10,029 call options (a ~144% jump vs. average), a short?term bullish signal that can amplify intraday momentum.
• Neutral Sentiment: Momentum/style write?ups—Zacks and other outlets are highlighting PBF’s momentum/style metrics, which can draw technical traders but aren’t proof of a sustained fundamental improvement. Why PBF Energy (PBF) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Dividend and fundamentals—PBF pays a quarterly dividend (~$1.10 annualized) and beat EPS last quarter, but consensus still expects negative EPS for the year; these facts support income/turnaround narratives but limit conviction.
• Negative Sentiment: Large, repeated insider selling—Control Empresarial De Capital has sold multiple blocks recently (including ~1.1M shares at ~$46.21 and other tranches), reducing its stake and creating a potential cap on upside if sales continue. SEC Form 4 — Control Empresarial De Capital sale

Wall Street Analysts Forecast Growth

PBF has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of PBF Energy in a report on Monday, December 29th. Tudor Pickering upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Mizuho lifted their price target on shares of PBF Energy from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on PBF Energy from $33.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded PBF Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, PBF Energy currently has a consensus rating of “Reduce” and a consensus target price of $31.69.

View Our Latest Stock Report on PBF

PBF Energy Trading Up 5.0%

The business’s 50-day simple moving average is $36.50 and its two-hundred day simple moving average is $33.11. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of -33.45, a PEG ratio of 4.98 and a beta of 0.41. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.40.

PBF Energy ( NYSE:PBF – Get Free Report ) last issued its quarterly earnings data on Thursday, February 12th. The oil and gas company reported $0.49 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the business posted ($2.82) EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts forecast that PBF Energy Inc. will post -1.12 earnings per share for the current year.

PBF Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, February 25th. PBF Energy’s dividend payout ratio is -74.83%.

Insider Activity at PBF Energy

In other news, insider Control Empresarial De Capital sold 1,100,000 shares of PBF Energy stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $46.21, for a total value of $50,831,000.00. Following the completion of the sale, the insider directly owned 22,996,898 shares of the company’s stock, valued at approximately $1,062,686,656.58. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Insiders sold 7,516,600 shares of company stock worth $304,536,896 in the last ninety days. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in PBF Energy by 197.7% during the third quarter. Smartleaf Asset Management LLC now owns 887 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 589 shares during the period. Torren Management LLC purchased a new position in shares of PBF Energy in the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of PBF Energy in the fourth quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators grew its holdings in shares of PBF Energy by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,146 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in PBF Energy by 235.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,299 shares of the oil and gas company’s stock worth $39,000 after buying an additional 912 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

PBF Energy Company Profile

( Get Free Report )

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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