Stock Traders Purchase Large Volume of PBF Energy Call Options (NYSE:PBF)

PBF Energy Inc. (NYSE:PBF) was the target of unusually large options trading activity on Thursday. Stock traders bought 7,100 call options on the company. This is an increase of approximately 69% compared to the typical volume of 4,213 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PBF shares. Wall Street Zen upgraded shares of PBF Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. Mizuho lifted their target price on PBF Energy from $48.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. TD Cowen increased their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PBF Energy in a research report on Monday, May 11th. Finally, BMO Capital Markets upped their price objective on PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.62.

Insider Buying and Selling

In other PBF Energy news, insider Control Empresarial De Capital sold 220,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $63.96, for a total transaction of $14,071,200.00. Following the completion of the transaction, the insider owned 15,492,128 shares of the company’s stock, valued at $990,876,506.88. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 3,396,570 shares of company stock worth $163,978,356. 5.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PBF Energy

Large investors have recently bought and sold shares of the company. Torren Management LLC purchased a new position in PBF Energy during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new stake in PBF Energy in the fourth quarter valued at $31,000. Leonteq Securities AG acquired a new position in PBF Energy during the first quarter worth about $33,000. Smartleaf Asset Management LLC lifted its stake in PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 579 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of PBF Energy during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Key PBF Energy News

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

• Positive Sentiment: Q2 results significantly exceeded expectations. PBF reported earnings of $6.22 per share versus the $4.05–$4.15 analyst consensus, compared with a $1.03 loss a year earlier. Revenue rose 56.2% year over year to $11.68 billion, well above the approximately $9.6 billion estimate. PBF Energy Announces Second Quarter 2026 Results
• Positive Sentiment: Refining conditions were highly favorable. Stronger crack spreads and market disruptions lifted refining margins, helping income from operations surge to $1.27 billion from $43 million in the prior-year quarter. PBF also delayed planned turnaround work at three refineries, which could preserve near-term production and cash flow. PBF Energy Delays Planned Turnaround Work
• Positive Sentiment: Debt reduction and operational milestones strengthened the outlook. PBF reduced gross debt by more than $1 billion during the quarter, received a $250 million installment related to the Martinez refinery fire and completed the refinery’s restart in May.
• Positive Sentiment: Shareholder returns and bullish trading activity provided additional support. The company declared a quarterly dividend of $0.275 per share, while investors purchased approximately 7,100 call options—about 69% above average daily volume—signaling increased short-term bullish interest.
• Neutral Sentiment: Analyst coverage remains cautious despite the earnings beat. PBF’s consensus rating is “Hold,” with several neutral or sell ratings and an average price target below the current market level; these targets may not yet reflect the latest results.
• Negative Sentiment: Control Empresarial De Capital sold 220,000 shares for approximately $14.1 million and has made multiple additional sales in recent weeks. The insider still owns a substantial position, but continued selling could weigh on sentiment.

PBF Energy Stock Up 16.0%

PBF stock opened at $73.46 on Friday. PBF Energy has a twelve month low of $21.24 and a twelve month high of $74.74. The stock has a market cap of $8.69 billion, a P/E ratio of 19.80, a PEG ratio of 0.10 and a beta of 0.11. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $48.57 and its two-hundred day moving average is $42.71.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.15 by $2.07. The company had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. PBF Energy’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. Research analysts expect that PBF Energy will post 10.94 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. PBF Energy’s dividend payout ratio (DPR) is presently 29.65%.

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.