Why PBF Energy Stock Fell 3.3% Today

PBF Energy (PBF) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The catalyst is not entirely clear, and there does not appear to be a fresh company-specific negative announcement tied directly to today’s drop. This could be because investors took profits after a powerful run in refining shares while the market reassessed how long unusually strong margins can last as oil prices eased and the next earnings report is still weeks away.

Details:

PBF has already scheduled its third-quarter 2026 earnings release for October 29, leaving the stock trading mainly on margin expectations and sector sentiment in the meantime.

In its second-quarter 2026 results, the company posted adjusted fully converted earnings of $7.54 per share and gross refining margin of $23.40 per barrel, showing how much of the recent rally has been tied to exceptionally favorable refining conditions.

PBF also announced $500 million of 0% exchangeable notes due 2032 in mid-September, which can leave some investors cautious about future dilution or capital structure changes even when operations remain strong.

Broader energy trading turned more mixed today as crude prices slipped, which may have triggered a pullback in refiners after a sharp advance rather than reflecting a new operational problem at PBF.

Sources:

PBF Energy Investor Relations, 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 64 times in the past 6 months. Of those trades, 0 have been purchases and 64 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 44 sales selling 5,757,571 shares for an estimated $328,619,187.
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.

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$PBF Hedge Fund Activity

We have seen 251 institutional investors add shares of $PBF stock to their portfolio, and 171 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.