PBF Energy, Inc. Class A (PBF)

Over the past six months, PBF Energy's stock has increased by 38.02%. Key events include a fire at the Martinez refinery on February 1, 2025, which caused substantial property damage, but is expected to return to full operations in early 2026. PBF Energy declared quarterly dividends of $0.275 per share in October 2025 and February 2026. Karen B. Davis rejoined the Board of Directors, effective October 1, 2025. In June 2025, PBF Energy Inc. was dropped from the Russell 2000 Defensive Index. In March 2026, Paul T. Davis, Senior VP, sold 50,000 shares of Class A Common Stock. In April 2026, Goldman Sachs Group initiated coverage with a "neutral" rating and a $49.00 price target.

Demand for PBF Energy's products is subject to seasonal fluctuations, with increased demand for transportation fuels during the summer and home heating oil during the winter. PBF Energy's sales team actively tracks regional demand and offers volume-based discounts seasonally.

PBF Energy Inc. is an independent petroleum refining and logistics company operating in the downstream petroleum industry. It processes crude oil into products like transportation fuels, heating oils, lubricants, petrochemical feedstocks, and asphalt, including gasoline, ultra-low-sulfur diesel, jet fuel, liquefied petroleum gases, and residual fuel oil. The company has also expanded into renewable diesel production.

PBF Energy owns and operates six refineries across the United States, located in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; Torrance, California; and Martinez, California. The company's geographical market presence spans the East Coast, Midcontinent, Gulf Coast, and West Coast of the U.S. PBF Energy also sells its products in Canada and Mexico and has the capability to ship to other international destinations.

PBF Energy's brand reputation has been impacted by environmental and safety incidents, particularly at its Martinez refinery, which has faced scrutiny for chemical emissions and hazardous material releases, leading to investigations and a class-action lawsuit. The Delaware City refinery has received over 50 violations in the past decade, including a butane release in 2025. A fire at the Chalmette refinery in January 2023 resulted in property damage. PBF Energy's operational record is marked by air quality violations and regulatory penalties. Despite these challenges, PBF Energy's 2024 Sustainability Report highlights the company's commitment to environmental stewardship, and the Torrance Refinery has received awards for community impact and its safety record.

Institutions and funds hold a substantial majority of PBF Energy's shares, ranging from approximately 72.91% to 81.5% of the total shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Goldman Sachs Group Inc. Individual insiders hold a smaller percentage of shares, around 2.23% to 18.91%.