Why PBF Energy (PBF) Stock Is Up Today

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 is continued investor optimism after PBF posted very strong second-quarter 2026 results, helped by much stronger refining margins and the return of the Martinez refinery to fuller operations. The move may also reflect a broader tailwind for independent refiners, as fuel markets have remained tight and refining economics have stayed unusually strong.

Details:

PBF reported second-quarter 2026 income from operations of about $1.27 billion and adjusted fully converted earnings of $6.22 per share, a sharp improvement from a loss in the year-ago period.

The company’s profitability was boosted by stronger crack spreads, which raised the margin refiners can earn from turning crude oil into gasoline, diesel, and other fuels.

Martinez has been an important part of the recovery story, with the refinery restart improving throughput and helping PBF capture better market conditions on the West Coast.

PBF also declared its regular quarterly dividend of $0.275 per share, reinforcing the picture of improved cash generation even as the company continues operational improvement work.

Sources:

PBF Energy Investor Relations, SEC, PR Newswire

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 90 times in the past 6 months. Of those trades, 0 have been purchases and 90 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 12,647,870 shares for an estimated $593,456,508.
THOMAS J. NIMBLEY has made 0 purchases and 5 sales selling 768,139 shares for an estimated $45,669,169.
MATTHEW C. LUCEY (CEO & President) has made 0 purchases and 2 sales selling 225,473 shares for an estimated $16,214,968.
PAUL T DAVIS (Senior Vice President) has made 0 purchases and 3 sales selling 175,997 shares for an estimated $9,807,913.
JAMES E. FEDENA (Senior Vice President) has made 0 purchases and 8 sales selling 120,782 shares for an estimated $6,580,146.
TRECIA M CANTY (SVP and General Counsel) sold 62,999 shares for an estimated $3,149,950
TAI WENDY HO (Senior Vice President, HR) has made 0 purchases and 2 sales selling 28,959 shares for an estimated $2,085,189.

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 235 institutional investors add shares of $PBF stock to their portfolio, and 156 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
BLACKROCK, INC. added 1,404,841 shares (+11.8%) to their portfolio in Q2 2026, for an estimated $63,948,362
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

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.