PBF Energy Jumps as Refining-Margin Tailwinds Lift Refiner Shares

PBF Energy (PBF) is up 9.4% today. Here is some analysis on what might have caused this price movement. ([investors.pbfenergy.com](https://investors.pbfenergy.com/overview/default.aspx))

Analysis: The move appears tied mainly to a stronger setup for refiners after oil prices jumped on renewed Middle East tensions and fresh U.S. fuel inventory draws pointed to tight product markets. PBF may be reacting even more sharply because investors already view it as highly sensitive to refining crack spreads, and its Martinez refinery recovery has improved the company’s operating backdrop. ([fool.com](https://www.fool.com/coverage/stock-market-today/2026/07/08/stock-market-today-july-8-stocks-slide-and-dow-drops-1-5-as-middle-east-tensions-spike/?utm_source=openai))

Details:

Oil surged on July 8 as U.S.-Iran tensions flared, a backdrop that often boosts interest in refiners and other energy names. ([fool.com](https://www.fool.com/coverage/stock-market-today/2026/07/08/stock-market-today-july-8-stocks-slide-and-dow-drops-1-5-as-middle-east-tensions-spike/?utm_source=openai))

New weekly government inventory data showed gasoline and distillate stocks fell, reinforcing the view that refined-product markets remain tight even as crude inventories rose. ([boereport.com](https://boereport.com/2026/07/08/us-crude-stocks-rise-gasoline-and-distillate-inventories-fall-eia-says-5/amp/))

PBF said in its first-quarter release that the Martinez refinery was expected to reach full planned rates in early May, signaling a better operating position heading into the summer period. ([investors.pbfenergy.com](https://investors.pbfenergy.com/news/news-details/2026/PBF-Energy-Announces-First-Quarter-2026-Results-Declares-Dividend-of-0-275-per-Share-and-Update-on-Restart-of-Martinez-Refinery/default.aspx))

A late-June analyst rating change also highlighted strong margins, high earnings sensitivity to crack spreads, and expectations for substantial free cash flow this year, which may have helped sentiment. ([investing.com](https://www.investing.com/news/analyst-ratings/td-cowen-upgrades-pbf-energy-stock-rating-to-hold-on-margins-93CH-4764666))

Sources:

PBF Energy, BOE Report, Investing.com, The Motley Fool

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PBF Insider Trading Activity

$PBF insiders have traded $PBF stock on the open market 82 times in the past 6 months. Of those trades, 0 have been purchases and 82 have been sales.

Here’s a breakdown of recent trading of $PBF stock by insiders over the last 6 months:

EMPRESARIAL DE CAPITALES S.A. DE C.V. CONTROL has made 0 purchases and 69 sales selling 12,878,270 shares for an estimated $562,631,333.
THOMAS J. NIMBLEY has made 0 purchases and 3 sales selling 300,000 shares for an estimated $13,113,525.
PAUL T DAVIS (Senior Vice President) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $4,813,930.
JAMES E. FEDENA (Senior Vice President) has made 0 purchases and 7 sales selling 96,026 shares for an estimated $4,801,965.
TRECIA M CANTY (SVP and General Counsel) sold 62,999 shares for an estimated $3,149,950

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PBF Hedge Fund Activity

We have seen 205 institutional investors add shares of $PBF stock to their portfolio, and 139 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ removed 1,892,311 shares (-78.8%) from their portfolio in Q1 2026, for an estimated $90,111,849
TWO SIGMA INVESTMENTS, LP added 1,825,912 shares (+89.9%) to their portfolio in Q1 2026, for an estimated $86,949,929
MARSHALL WACE, LLP added 1,230,902 shares (+inf%) to their portfolio in Q1 2026, for an estimated $58,615,553
MILLENNIUM MANAGEMENT LLC removed 1,208,582 shares (-84.0%) from their portfolio in Q1 2026, for an estimated $57,552,674
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,137,533 shares (+54.6%) to their portfolio in Q1 2026, for an estimated $54,169,321
GOLDMAN SACHS GROUP INC removed 944,307 shares (-14.9%) from their portfolio in Q1 2026, for an estimated $44,967,899
PORTOLAN CAPITAL MANAGEMENT, LLC added 799,998 shares (+inf%) to their portfolio in Q1 2026, for an estimated $38,095,904

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PBF Price Targets

Multiple analysts have issued price targets for $PBF recently. We have seen 8 analysts offer price targets for $PBF in the last 6 months, with a median target of $41.5.

Here are some recent targets:

Jason Gabelman from TD Cowen set a target price of $39.0 on 06/29/2026
Connor Lynagh from Morgan Stanley set a target price of $38.0 on 06/12/2026
Nitin Kumar from Mizuho set a target price of $48.0 on 05/27/2026
Vikram Bagri from Citigroup set a target price of $43.0 on 05/01/2026
Betty Zhang from Scotiabank set a target price of $34.0 on 04/22/2026
Randy Ollenberger from BMO Capital set a target price of $50.0 on 04/02/2026
Neil Mehta from Goldman Sachs set a target price of $41.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.