PBF Energy (PBF)
Independent refiner producing transportation fuels across four US regions.
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Runs six US refineries that turn crude and other feedstocks into gasoline, diesel, jet fuel, heating oil, lubricants, petrochemicals and asphalt, supported by pipelines, terminals and storage. Earnings depend mainly on refining margins, crude-price differentials and reliable plant operation.
Processes crude oil and other feedstocks at six refineries spanning the East Coast, Mid-Continent, Gulf Coast and West Coast. The Refining segment makes gasoline, diesel, jet fuel, heating oil, lubricants, petrochemicals and asphalt; the Logistics segment uses terminals, pipelines and storage primarily to support those plants.
A high-complexity fleet can handle crude ranging from light sweet to heavy sour, while coastal sites, pipelines and marine terminals connect supply with regional fuel markets. A half-owned renewable diesel facility co-located at Chalmette adds renewable diesel production.
Profitability depends on refining margins, crude-grade price differentials, reliable plant operation and distribution access. Federal renewable-fuel mandates can require purchases of compliance credits, and refinery, pipeline and terminal operations depend on environmental, safety and operating permits.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $27 | Target: $76 |
| Aug 18, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $71 | Target: $81 |
| Aug 4, 2026 | Mizuho Securities | Target | Target: $57 | Target: $65 |
| Aug 4, 2026 | UBS | Reiterate | Rating: —Target: $42 | Target: $84 |
| Jul 23, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $49 | Target: $71 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $894.1M · Total debt $2.52B · Total assets $14.72B · Shareholders' equity $6.41B
- Revenue
- $11.68B
- Operating income
- $1.27B
- Net income
- $906.4M
HistoryDividendAnnual yield
| Institutions | 89.83% | 106.48M shares | |
|---|---|---|---|
| 463 holders · as of Jun 30, 2026 | |||
| Insiders | 30.62% | 36.30M shares | |
| 18 holders · as of Sep 15, 2026 | |||
| Adds to | 120.45% | ||
118.54M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 120.45%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Control Empresarial de Capitales, S.A. de C.V.Insider | 17.16% | 20.34M | filed Mar 26, 2026 |
Empresarial de Capitales S.A. de C.V. ControlInsider10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | 11.57% | 13.72M A | filed Sep 15, 2026 |
BlackRock, Inc.Institution | 11.23% | 13.31M A | as of Jun 30, 2026 |
Barrow, Hanley, Mewhinney & Strauss, LLCInstitution | 6.21% | 7.36M | filed Feb 10, 2017 |
Goldman Sachs Group IncInstitution | 5.17% | 6.13M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −150,000 | $80.60 |
| Sep 10, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −315,776 | $77.78 |
| Sep 9, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −3,494 | $77.23 |
| Sep 2, 2026 | Empresarial de Capitales S.A. de C.V. Control | 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 | −100,000 | $77.02 |
| Aug 19, 2026 | Thomas J. Nimbley | director | −116,008 | $73.73 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PBF Energy | $72.30 | −0.26% | $8.59B | 6.4 | 3.2 | 0.2 | +56.2% |
| Valero Energy | $382.83 | −2.65% | $113.23B | 16.3 | 7.8 | 0.9 | +48.8% |
| Marathon Petroleum | $394.67 | −1.92% | $117.47B | 13.9 | 6.7 | 0.8 | +54.9% |
| Phillips 66 | $259.23 | −0.96% | $104.94B | 14.9 | 8.2 | 0.7 | +55.9% |
| HF Sinclair | $108.57 | −0.66% | $19.43B | 10.4 | 6.4 | 0.6 | +53.2% |
| Delek US | $74.71 | +0.45% | $4.56B | 20.9 | 5.0 | 0.4 | +47.8% |
| CVR Energy | $53.16 | +0.02% | $5.34B | 77.0 | 14.4 | 0.6 | +55.5% |
| Par Pacific | $80.51 | −1.82% | $4.11B | 4.8 | 4.8 | 0.5 | +56.8% |
| Median | 14.9 | 6.7 | 0.6 | +54.9% |