Why PBF Energy (PBF) Stock Is Down Today

PBF Energy (PBF) is down 6.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be selling pressure after a recent insider-style ownership filing showed a 10% holder reducing its stake again, which can weigh on sentiment after a sharp run higher. This could also be simple profit-taking, as PBF had been trading near recent highs even though refining fundamentals have remained broadly supportive.

Details:

A recent SEC Form 4 disclosure showed Control Empresarial de Capitales, a more-than-10% holder, sold 319,270 PBF shares across September 9 and September 10 at prices mostly in the upper-$77 to $78 range, while still retaining a large position.

That sale was not an isolated event. The same holder has disclosed multiple share sales over the summer, which can create an overhang by signaling persistent supply into market strength.

PBF’s latest quarterly update was fundamentally strong, with the Martinez refinery returning to full operations in May 2026 and second-quarter throughput rising year over year as the restart boosted system utilization.

The company also posted second-quarter gross refining margin excluding special items of $23.40 per barrel, while U.S. distillate inventories have remained below normal levels, suggesting the stock’s decline looks more sentiment-driven than tied to a fresh operational setback.

Sources:

SEC, PBF Energy, 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 96 times in the past 6 months. Of those trades, 0 have been purchases and 96 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 65 sales selling 10,879,971 shares for an estimated $562,486,728.
THOMAS J. NIMBLEY has made 0 purchases and 9 sales selling 1,339,135 shares for an estimated $93,019,000.
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 3 sales selling 189,292 shares for an estimated $12,024,169.
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.

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$PBF Hedge Fund Activity

We have seen 262 institutional investors add shares of $PBF stock to their portfolio, and 197 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 6 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

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.