PBF Energy, Inc. Class A (PBF)

In the past six months, PBF Energy's stock has trended upwards by 14.45%. January 2026 saw the stock price surge following an upgrade by Piper Sandler, citing favorable supply-demand dynamics and strategic positioning. December 2025 involved upgrades from Mizuho and downgrades from Wolfe Research, influenced by fluctuations in global crude oil prices. November 2025 saw Piper Sandler maintaining an "Underweight" rating but raising its price target. Delays in the Martinez refinery rebuild and insider selling transactions also impacted the stock price.

Demand for PBF Energy's products, like gasoline and diesel, experiences seasonal fluctuations. Refineries undergo maintenance before the summer, reducing revenue and utilization rates. Gasoline and distillates are a significant portion of PBF's throughput. Distillate markets are expected to remain strong due to global supply/demand imbalances, and product demand growth is projected to exceed new refining capacity additions. The company anticipates a significant widening of light-heavy crude spreads.

PBF Energy Inc. is an independent petroleum refining and logistics company headquartered in Parsippany, New Jersey. It operates through Refining and Logistics segments, refining and supplying petroleum products. The company is in the Energy sector, specifically the Oil & Gas Refining & Marketing industry. Its products include gasoline, diesel, heating oil, jet fuel, lubricants, petrochemicals, asphalt, and blending components. It also provides rail, truck, and marine terminaling services, as well as pipeline transportation and storage services.

PBF Energy operates six domestic oil refineries across the United States, with a combined processing capacity of approximately 1,000,000 barrels per day. These refineries are in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; Torrance, California; and Martinez, California. The company sells its products throughout the Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in Canada, Mexico, and other international regions.

PBF Energy's brand reputation has been impacted by environmental incidents, regulatory scrutiny, and community engagement efforts. The Delaware City Refinery experienced multiple environmental incidents in 2025, leading to regulatory demands for air quality sensors. A lawsuit was filed against the Martinez refinery in November 2024 for alleged pollution control failures. A fire at the Martinez refinery in February 2025 impacted operations. PBF Energy emphasizes its commitment to sustainability, diversity, and community engagement, including supporting women engineers.

PBF Energy Inc. has significant institutional ownership, with 670 institutional owners and shareholders holding a total of 107,573,293 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, T. Rowe Price Investment Management, Inc., and State Street Corp. The largest individual shareholder is Control Empresarial De Capitales Sa De Cv, owning 30.82 million shares, representing 26.61% of the company.