PBF climbs as refining strength and recent execution keep momentum intact

PBF Energy (PBF) is up 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to continued strength in the refining trade rather than a fresh company-specific announcement. This could be because investors are still leaning on PBF Energy’s strong second-quarter results, the completed Martinez refinery restart, and a broader bid for energy shares as oil prices remain elevated.

Details:

PBF Energy’s latest quarterly update showed a sharp rebound in profitability, including strong operating income, a large reduction in gross debt, and another quarterly dividend declaration.

The company said the Martinez refinery restart was completed in May 2026, removing a major operational overhang and restoring a key asset to the system.

PBF Energy also disclosed it received another $250 million unallocated insurance-related installment tied to the Martinez fire, which strengthened liquidity and balance-sheet flexibility.

On the macro side, higher oil prices and renewed Middle East tension have supported energy shares broadly, which can spill over into refiners when traders expect stronger product markets or tighter fuel balances.

Sources:

PBF Energy, SEC, MarketScreener

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 99 times in the past 6 months. Of those trades, 0 have been purchases and 99 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 66 sales selling 12,077,701 shares for an estimated $598,529,699.
THOMAS J. NIMBLEY has made 0 purchases and 10 sales selling 1,539,135 shares for an estimated $101,033,680.
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 4 sales selling 278,319 shares for an estimated $18,670,671.
PAUL T DAVIS (Senior Vice President) has made 0 purchases and 4 sales selling 239,292 shares for an estimated $14,263,919.
JAMES E. FEDENA (Senior Vice President) has made 0 purchases and 8 sales selling 120,782 shares for an estimated $6,580,146.
TAI WENDY HO (Senior Vice President, HR) has made 0 purchases and 3 sales selling 41,053 shares for an estimated $2,979,497.
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 263 institutional investors add shares of $PBF stock to their portfolio, and 196 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 7 analysts offer price targets for $PBF in the last 6 months, with a median target of $41.0.

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
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.