PBF Energy Jumps as Tight Fuel Markets Lift Refiners

PBF Energy (PBF) is up 7.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broader rally in refining stocks as gasoline and distillate inventories remain tight, supporting strong crack spreads and profit expectations for independent refiners like PBF. There does not appear to be a major company-specific announcement dated today, so the move likely reflects investors leaning into strong sector fundamentals alongside PBF’s already improved earnings and balance-sheet backdrop.

Details:

PBF reported very strong second-quarter 2026 results, including sharply higher operating income and more than $1 billion of gross debt reduction, giving investors a stronger financial base to value.

The company said its Martinez refinery restart was completed in May 2026, restoring a key asset at a time when refined product markets have been unusually favorable.

Weekly U.S. petroleum data released on September 30, 2026 showed another draw in gasoline inventories and a larger draw in distillate stocks, reinforcing the view that fuel markets remain tight for refiners.

PBF also disclosed in September that it closed the purchase of hydrogen plants at its Torrance refinery and was working on extending its revolving credit facility, adding to the picture of ongoing operational and financing moves.

Sources:

PBF Energy, SEC, U.S. Energy Information Administration

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 65 times in the past 6 months. Of those trades, 0 have been purchases and 65 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 45 sales selling 5,737,571 shares for an estimated $319,624,613.
THOMAS J. NIMBLEY has made 0 purchases and 7 sales selling 1,239,135 shares for an estimated $87,920,155.
MATTHEW C. LUCEY (CEO & President) has made 0 purchases and 3 sales selling 367,837 shares for an estimated $26,678,722.
TRECIA M CANTY (SVP and General Counsel) has made 0 purchases and 3 sales selling 215,320 shares for an estimated $15,520,721.
PAUL T DAVIS (Senior Vice President) has made 0 purchases and 2 sales selling 139,292 shares for an estimated $9,449,989.
TAI WENDY HO (Senior Vice President, HR) has made 0 purchases and 3 sales selling 41,053 shares for an estimated $2,979,497.
JAMES E. FEDENA (Senior Vice President) sold 24,756 shares for an estimated $1,778,181
JOSEPH DANIEL MARINO (SVP, Chief Financial Officer) sold 4,033 shares for an estimated $278,881

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 246 institutional investors add shares of $PBF stock to their portfolio, and 169 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 2,497,058 shares (+2701.8%) to their portfolio in Q2 2026, for an estimated $113,666,080
AQR CAPITAL MANAGEMENT LLC added 2,070,603 shares (+131.0%) to their portfolio in Q2 2026, for an estimated $94,253,848
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,678,123 shares (+inf%) to their portfolio in Q2 2026, for an estimated $76,388,158
BLACKROCK, INC. added 1,404,841 shares (+11.8%) to their portfolio in Q2 2026, for an estimated $63,948,362
INVESCO LTD. removed 1,308,591 shares (-53.2%) from their portfolio in Q2 2026, for an estimated $59,567,062
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,234,865 shares (+77.8%) to their portfolio in Q2 2026, for an estimated $56,211,054
MARSHALL WACE, LLP removed 1,149,650 shares (-93.4%) from their portfolio in Q2 2026, for an estimated $52,332,068

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 5 analysts offer price targets for $PBF in the last 6 months, with a median target of $39.0.

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

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.