The Goldman Sachs Group Forecasts Strong Price Appreciation for PBF Energy (NYSE:PBF) Stock

by · The Cerbat Gem

PBF Energy (NYSE:PBF – Get Free Report) had its price target hoisted by equities researchers at The Goldman Sachs Group from $71.00 to $81.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 7.94% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. Zacks Research upgraded PBF Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Mizuho raised their target price on PBF Energy from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. TD Cowen lifted their target price on PBF Energy from $39.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, UBS Group increased their price target on PBF Energy from $62.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $50.92.

Read Our Latest Stock Report on PBF

PBF Energy Stock Performance

Shares of PBF opened at $75.04 on Tuesday. PBF Energy has a 1 year low of $22.13 and a 1 year high of $75.68. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.08 and a beta of 0.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 1.33. The firm has a fifty day moving average of $55.03 and a 200-day moving average of $45.76.

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

Insider Activity at PBF Energy

In other PBF Energy news, Director Thomas J. Nimbley sold 468,139 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $69.54, for a total transaction of $32,554,386.06. Following the completion of the transaction, the director directly owned 793,737 shares of the company’s stock, valued at approximately $55,196,470.98. This trade represents a 37.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Control Empresarial De Capital sold 570,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $46.36, for a total value of $26,425,200.00. Following the transaction, the insider directly owned 17,142,128 shares of the company’s stock, valued at approximately $794,709,054.08. The trade was a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,702,666 shares of company stock worth $337,355,274 over the last quarter. 5.50% of the stock is currently owned by company insiders.

Institutional Trading of PBF Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its stake in PBF Energy by 19.3% during the second quarter. Wedge Capital Management L L P NC now owns 43,848 shares of the oil and gas company’s stock valued at $1,996,000 after buying an additional 7,107 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of PBF Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 242 shares in the last quarter. Bull Harbor Capital LLC bought a new position in shares of PBF Energy during the 1st quarter valued at about $212,000. Amundi acquired a new position in shares of PBF Energy in the 1st quarter worth approximately $1,574,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of PBF Energy by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,728 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 931 shares during the last quarter. 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: PBF reported adjusted second-quarter earnings of $6.22 per share, well above the $4.15 consensus estimate and a significant improvement from a loss of $1.03 per share a year earlier. Revenue rose 56.2% to $11.68 billion. PBF Energy Gains as Investors Continue to Digest Strong Q2 Results and Favorable Refining Conditions
  • Positive Sentiment: The Martinez refinery restart was completed in May, removing a major operational overhang after the 2025 fire. PBF also reduced gross debt by more than $1 billion during the quarter and declared a $0.275 quarterly dividend. PBF Energy Quarterly Results and Refinery Restart
  • Positive Sentiment: Elevated gasoline prices and tight fuel markets could support stronger refining margins, benefiting independent refiners such as PBF. The stock’s low valuation relative to projected earnings is also attracting value-oriented interest. Refining Stocks and Gasoline Prices
  • Neutral Sentiment: Institutional ownership remains high, at approximately 96%, and recent quarterly filings showed several major investors adding shares, although other funds reduced their positions. This indicates continued interest but mixed institutional conviction.
  • Negative Sentiment: Multiple insiders sold shares on August 14, including CEO Matthew Lucey, Director Thomas Nimbley, SVP Trecia Canty and Control Empresarial de Capital. The reported transactions totaled roughly $44 million; the control shareholder still owns about 14.4 million shares, but the breadth of selling could concern investors. PBF Energy Insider Sale Filing
  • Negative Sentiment: Analyst opinion remains cautious after the stock’s sharp advance toward its 52-week high. Recent price targets have a median of $41, while MarketBeat reports a consensus “Reduce” rating and an average target of $50.15, implying concern that refining margins may normalize.

PBF Energy Company Profile

(Get Free Report)

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.

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