PBF sinks 13% as major shareholder selling and restart uncertainty weigh on sentiment

PBF Energy Inc. (PBF) is down 13.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to heavy recent share sales by a large shareholder, which can pressure the stock mechanically and spook short-term sentiment. Investor focus also remains on near-term execution risk around refinery operations and planned maintenance as the company works through a busy 2026 operating schedule.

Details:

A more-than-10% owner disclosed sizable open-market sales in early March 2026 via Form 4 filings, increasing fears of ongoing supply of shares hitting the market.

A related beneficial-ownership filing around early March 2026 reflected a reduced ownership position, reinforcing the market’s view that the stakeholder has been trimming exposure.

PBF’s own guidance has emphasized that the Martinez refinery rebuild and ramp were targeted to reach planned operating rates by the beginning of March 2026, leaving little tolerance for commissioning delays if performance does not meet expectations.

PBF has also outlined meaningful turnaround activity across its system in 2026, which can temporarily reduce throughput and profitability depending on timing and refining margins.

Sources:

SEC (EDGAR), PBF Energy Investor Relations, Stock Titan

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 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 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 24 sales selling 3,076,300 shares for an estimated $107,692,684.
THOMAS J. NIMBLEY has made 0 purchases and 2 sales selling 450,000 shares for an estimated $16,642,680.
CONNOR THOMAS L O (Senior Vice President) has made 0 purchases and 5 sales selling 135,997 shares for an estimated $5,121,130.
PAUL T DAVIS (Senior Vice President) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $4,139,750.
TRECIA M CANTY (SVP and General Counsel) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $3,528,690.
STEVEN JOHN ANDRIOLA (Controller & CAO) has made 0 purchases and 2 sales selling 3,627 shares for an estimated $103,582.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PBF Hedge Fund Activity

We have seen 175 institutional investors add shares of $PBF stock to their portfolio, and 198 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 4,729,280 shares (-74.9%) from their portfolio in Q4 2025, for an estimated $128,258,073
GOLDMAN SACHS GROUP INC added 3,590,820 shares (+131.2%) to their portfolio in Q4 2025, for an estimated $97,383,038
JANE STREET GROUP, LLC added 1,253,416 shares (+675.8%) to their portfolio in Q4 2025, for an estimated $33,992,641
TWO SIGMA INVESTMENTS, LP added 1,204,954 shares (+146.0%) to their portfolio in Q4 2025, for an estimated $32,678,352
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 872,532 shares (+72.0%) to their portfolio in Q4 2025, for an estimated $23,663,067
CITADEL ADVISORS LLC added 800,048 shares (+147.8%) to their portfolio in Q4 2025, for an estimated $21,697,301
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 749,650 shares (-78.2%) from their portfolio in Q4 2025, for an estimated $20,330,508

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$PBF Analyst Ratings

Wall Street analysts have issued reports on $PBF in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Underweight" rating on 11/14/2025
UBS issued a "Buy" rating on 11/03/2025
TD Cowen issued a "Sell" rating on 10/31/2025

To track analyst ratings and price targets for $PBF, check out Quiver Quantitative's $PBF forecast page.

$PBF Price Targets

Multiple analysts have issued price targets for $PBF recently. We have seen 9 analysts offer price targets for $PBF in the last 6 months, with a median target of $30.0.

Here are some recent targets:

Ryan Todd from Piper Sandler set a target price of $42.0 on 02/13/2026
Vikram Bagri from Citigroup set a target price of $36.0 on 01/14/2026
Nitin Kumar from Mizuho set a target price of $38.0 on 12/12/2025
Doug Leggate from Wolfe Research set a target price of $23.0 on 12/08/2025
Manav Gupta from UBS set a target price of $42.0 on 11/03/2025
Jason Gabelman from TD Cowen set a target price of $25.0 on 10/31/2025
Neil Mehta from Goldman Sachs set a target price of $30.0 on 10/22/2025

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.