PBF Energy (NYSE:PBF) Price Target Raised to $81.00

PBF Energy (NYSE:PBF) had its price objective increased by The Goldman Sachs Group from $71.00 to $81.00 in a research note published on Tuesday morning, Marketbeat reports. The Goldman Sachs Group currently has a neutral rating on the oil and gas company’s stock.

Several other equities research analysts have also commented on the stock. TD Cowen increased their price objective on shares of PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their target price on PBF Energy from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, June 12th. Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of PBF Energy in a research report on Friday, August 7th. Finally, UBS Group upped their price objective on PBF Energy from $62.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $50.92.

PBF Energy Stock Performance

NYSE PBF opened at $69.52 on Tuesday. PBF Energy has a 1 year low of $22.13 and a 1 year high of $75.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.67. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.08 and a beta of 0.10. The company has a fifty day moving average price of $56.91 and a 200-day moving average price of $46.60.

PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $6.22 EPS for the quarter, beating the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The company had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the company posted ($1.03) earnings per share. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. As a group, equities research analysts predict that PBF Energy will post 15.74 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.6%. PBF Energy’s dividend payout ratio is 9.73%.

Insiders Place Their Bets

In other news, Director Thomas J. Nimbley sold 468,139 shares of PBF Energy stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $69.54, for a total value of $32,554,386.06. Following the completion of the transaction, the director owned 793,737 shares in the company, valued at $55,196,470.98. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Control Empresarial De Capital sold 570,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00. Following the completion of the sale, the insider directly owned 17,142,128 shares in the company, valued at approximately $794,709,054.08. This trade represents a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,163,674 shares of company stock worth $371,707,094 over the last quarter. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PBF Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Leonteq Securities AG bought a new position in shares of PBF Energy in the first quarter worth $33,000. Torren Management LLC purchased a new stake in PBF Energy during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in PBF Energy during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its stake in PBF Energy by 65.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 579 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in PBF Energy in the 4th quarter worth about $57,000. Institutional investors own 96.29% of the company’s stock.

Key PBF Energy News

Here are the key news stories impacting PBF Energy this week:

• Positive Sentiment: Goldman Sachs raised its price target for PBF Energy from $71 to $81, signaling potential upside despite maintaining a neutral rating. The company’s recent earnings also provide support: quarterly EPS of $6.22 exceeded the $4.15 consensus estimate, while revenue rose 56.2% year over year to $11.68 billion.
• Positive Sentiment: PBF Energy’s operating outlook remains supported by tight fuel supplies, elevated gasoline prices and the completed restart of its Martinez refinery. Analysts expect approximately $15.74 in EPS for the current fiscal year, and the company recently declared a $0.275 quarterly dividend.
• Neutral Sentiment: Growth-oriented screens continue to highlight PBF Energy’s improving financial performance and relatively low valuation. However, refining profits are cyclical, and the broader analyst consensus remains cautious, with a “Reduce” rating and a consensus target price below the recent trading range. PBF Energy Growth Stock Analysis
• Negative Sentiment: Director Thomas Nimbley reported sales totaling 341,008 shares across August 17–19, worth approximately $25.4 million. The transactions materially reduced his reported position and may be interpreted as profit-taking or a signal of caution after the stock’s sharp rally. Thomas Nimbley Insider Sale
• Negative Sentiment: Control Empresarial de Capital also sold 120,000 PBF Energy shares for approximately $9.0 million. The clustering of sizable insider sales increases near-term supply and reinforces concerns that current refining margins and earnings may not be sustainable at peak levels. PBF Energy Insider Trading News

PBF Energy Company Profile

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.