PBF Energy (NYSE:PBF) Given New $41.00 Price Target at The Goldman Sachs Group

PBF Energy (NYSE:PBF) had its target price boosted by The Goldman Sachs Group from $33.00 to $41.00 in a research report report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on PBF. Wolfe Research cut shares of PBF Energy from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Monday, December 8th. Piper Sandler raised their price objective on PBF Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Zacks Research upgraded shares of PBF Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Mizuho upgraded shares of PBF Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $38.00 in a research note on Friday, December 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective on shares of PBF Energy in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $31.15.

PBF Energy Price Performance

Shares of NYSE PBF opened at $42.91 on Thursday. The firm has a fifty day moving average of $34.57 and a 200 day moving average of $32.30. PBF Energy has a one year low of $13.61 and a one year high of $47.18. The firm has a market cap of $5.02 billion, a PE ratio of -29.19, a PEG ratio of 4.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.51 and a current ratio of 1.21.

PBF Energy (NYSE:PBF) last released its quarterly earnings results on Thursday, February 12th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.64. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.17 billion. PBF Energy had a negative net margin of 0.54% and a negative return on equity of 8.86%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.82) EPS. As a group, research analysts predict that PBF Energy will post -1.12 EPS for the current fiscal year.

PBF Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 25th. PBF Energy’s dividend payout ratio (DPR) is -74.83%.

Insider Transactions at PBF Energy

In other news, Director Thomas J. Nimbley sold 200,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $40.07, for a total value of $8,014,000.00. Following the completion of the sale, the director directly owned 790,716 shares of the company’s stock, valued at approximately $31,683,990.12. The trade was a 20.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul T. Davis sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $44.80, for a total value of $2,240,000.00. Following the completion of the sale, the senior vice president owned 183,426 shares of the company’s stock, valued at approximately $8,217,484.80. This represents a 21.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,072,979 shares of company stock worth $194,332,262. Corporate insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On PBF Energy

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in PBF Energy by 127.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,327,255 shares of the oil and gas company’s stock worth $171,595,000 after purchasing an additional 3,550,820 shares in the last quarter. Invesco Ltd. raised its stake in shares of PBF Energy by 147.4% during the 3rd quarter. Invesco Ltd. now owns 2,772,258 shares of the oil and gas company’s stock worth $83,639,000 after buying an additional 1,651,516 shares during the last quarter. AQR Capital Management LLC raised its position in PBF Energy by 230.7% during the second quarter. AQR Capital Management LLC now owns 2,085,060 shares of the oil and gas company’s stock worth $45,183,000 after acquiring an additional 1,454,500 shares during the last quarter. Norges Bank acquired a new position in shares of PBF Energy during the 4th quarter worth approximately $34,243,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of PBF Energy by 2,198.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,212,368 shares of the oil and gas company’s stock valued at $36,577,000 after acquiring an additional 1,159,628 shares in the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Trending Headlines about PBF Energy

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

• Positive Sentiment: Analyst/market commentary notes an Iran-related supply disruption tailwind that benefits independent refiners with export and complexity advantages like PBF; that narrative is supporting investor interest. PBF Energy: Iran Tailwind Factored In
• Positive Sentiment: PBF appears on lists of stocks with short‑squeeze potential; elevated short interest combined with stronger oil/refining fundamentals can amplify upside if short covering accelerates. 15 Stocks With the Most Short Squeeze Potential
• Neutral Sentiment: Goldman Sachs raised its price target to $41 from $33 but kept a “neutral” rating — an upgrade in target that still signals cautious analyst conviction (the new target is roughly in line with current trading). Goldman Sachs Raises PBF Target
• Neutral Sentiment: PBF announced management will present at the Piper Sandler Energy Conference (Mar 16–17), which could provide fresh commentary on margins, capital allocation and refinery utilization. PBF Energy to Participate in Piper Sandler Energy Conference
• Negative Sentiment: Control Empresarial De Capital executed sizeable insider sales this week (838,000 shares sold on Mar 11 at ~$41.91 and 22,000 shares on Mar 10 at ~$40.08), reducing its stake — large insider selling can weigh on sentiment and raise questions about timing. SEC Form 4 (Control Empresarial De Capital)
• Negative Sentiment: Unusually high volume of put options traded on PBF indicates increased bearish positioning or hedging interest, which can add selling pressure or signal trader skepticism about near‑term upside. Stock Traders Buy High Volume of PBF Energy Put Options

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.