Citigroup Issues Positive Forecast for PBF Energy (NYSE:PBF) Stock Price

PBF Energy (NYSE:PBF) had its price objective lifted by Citigroup from $65.00 to $74.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

A number of other research firms have also weighed in on PBF. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group boosted their target price on shares of PBF Energy from $51.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Scotiabank upped their price target on shares of PBF Energy from $28.00 to $34.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. BMO Capital Markets upped their price target on shares of PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Finally, TD Cowen raised their price target on shares of PBF Energy from $39.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, PBF Energy has a consensus rating of “Hold” and an average target price of $46.31.

PBF Energy Trading Down 1.3%

PBF opened at $72.13 on Friday. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.12 and a beta of 0.11. The stock’s 50 day moving average price is $49.20 and its 200-day moving average price is $42.91. PBF Energy has a one year low of $21.24 and a one year high of $74.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.62 and a current ratio of 1.31.

PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a return on equity of 11.81% and a net margin of 3.94%.The firm had revenue of $11.68 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business posted ($1.03) earnings per share. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, equities analysts forecast that PBF Energy will post 10.94 EPS for the current year.

PBF Energy Announces Dividend

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

Insiders Place Their Bets

In other PBF Energy news, insider Control Empresarial De Capital sold 220,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.96, for a total value of $14,071,200.00. Following the completion of the sale, the insider directly owned 15,492,128 shares in the company, valued at approximately $990,876,506.88. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 3,396,570 shares of company stock worth $163,978,356. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On PBF Energy

Several institutional investors have recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of PBF Energy in the fourth quarter valued at about $30,000. Los Angeles Capital Management LLC bought a new position in PBF Energy during the 4th quarter worth about $31,000. Leonteq Securities AG bought a new position in PBF Energy during the 1st quarter worth about $33,000. Smartleaf Asset Management LLC increased its position in PBF Energy by 65.3% during 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 purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in PBF Energy during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Trending Headlines about PBF Energy

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

• Positive Sentiment: Strong earnings rebound: PBF reported second-quarter EPS of $6.22, versus the $4.05–$4.15 consensus range and a loss of $1.03 a year earlier. Revenue rose 56.2% year over year to $11.68 billion, helped by stronger refining margins, higher throughput and the Martinez restart. PBF Energy Q2 Earnings Beat Estimates on Higher Refining Margins
• Positive Sentiment: Cash generation and debt reduction improved: PBF reported $1.27 billion of second-quarter operating income, received a $250 million Martinez-related installment and reduced gross debt by more than $1 billion. Management also projected approximately $1.5 billion of cash by the end of July while targeting a midpoint of $850 million in 2026 capital expenditures. PBF Energy Announces Second Quarter 2026 Results PBF projects cash and capital expenditures
• Positive Sentiment: Shareholder returns and bullish positioning: PBF declared a quarterly dividend of $0.275 per share, while unusual call-option activity suggests increased speculative interest following the earnings beat.
• Neutral Sentiment: Analyst target raised but rating remains neutral: Citigroup increased its price target from $65 to $74, implying only modest additional upside from the referenced price, while maintaining a “neutral” rating. This may limit incremental buying after the recent rally.
• Neutral Sentiment: Refinery maintenance deferred: PBF delayed planned turnaround work at three refineries, which could support near-term production and earnings but may push necessary maintenance into future periods. PBF Energy delays refinery turnaround work

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.