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Why PBF Energy (PBF) Stock Is Down Today

Investivoq PriceTracker

PBF Energy (PBF) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a pullback in refining sentiment rather than a clear company-specific headline. This could be because near-term refinery margin expectations softened after the U.S. Gulf Coast 3:2:1 crack spread moved lower, while PBF has not posted a new operating update since setting its late-October earnings date.

Details:

  • PBF’s investor relations page shows its next major scheduled catalyst is third-quarter 2026 earnings on October 29, leaving the stock more exposed to day-to-day moves in refining margins and sector sentiment.
  • U.S. Energy Information Administration daily pricing data for October 19, 2026, based on the October 16 close, showed the Gulf Coast 3:2:1 crack spread at $46.33 per barrel, down 5.5% from the prior business day.
  • PBF’s latest quarterly filings tied its recent earnings strength to favorable crack spreads, so a decline in that margin benchmark can pressure expectations for refiners even without fresh company news.
  • The company also announced a $500 million 0% exchangeable notes financing in September to refinance debt, which may still be part of the background overhang for some investors as the market waits for updated guidance.

    • Sources:

    PBF Energy Investor Relations, U.S. Energy Information Administration, SEC

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $PBF Insider Trading Activity

    PBF Insider Trades

    $PBF insiders have traded $PBF stock on the open market 66 times in the past 6 months. Of those trades, 0 have been purchases and 66 have been sales.

    Here’s a breakdown of recent trading of $PBF stock by insiders over the last 6 months:

    • EMPRESARIAL DE CAPITALES S.A. DE C.V. CONTROL has made 0 purchases and 46 sales selling 5,927,571 shares for an estimated $343,584,621.
    • THOMAS J. NIMBLEY has made 0 purchases and 7 sales selling 1,239,135 shares for an estimated $87,920,155.
    • MATTHEW C. LUCEY (CEO & President) has made 0 purchases and 3 sales selling 367,837 shares for an estimated $26,678,722.
    • TRECIA M CANTY (SVP and General Counsel) has made 0 purchases and 3 sales selling 215,320 shares for an estimated $15,520,721.
    • PAUL T DAVIS (Senior Vice President) has made 0 purchases and 2 sales selling 139,292 shares for an estimated $9,449,989.
    • TAI WENDY HO (Senior Vice President, HR) has made 0 purchases and 3 sales selling 41,053 shares for an estimated $2,979,497.
    • JAMES E. FEDENA (Senior Vice President) sold 24,756 shares for an estimated $1,778,181
    • JOSEPH DANIEL MARINO (SVP, Chief Financial Officer) sold 4,033 shares for an estimated $278,881

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $PBF Hedge Fund Activity

    We have seen 254 institutional investors add shares of $PBF stock to their portfolio, and 179 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FMR LLC added 2,497,058 shares (+2701.8%) to their portfolio in Q2 2026, for an estimated $113,666,080
    • AQR CAPITAL MANAGEMENT LLC added 2,070,603 shares (+131.0%) to their portfolio in Q2 2026, for an estimated $94,253,848
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,678,123 shares (+inf%) to their portfolio in Q2 2026, for an estimated $76,388,158
    • BLACKROCK, INC. added 1,404,841 shares (+11.8%) to their portfolio in Q2 2026, for an estimated $63,948,362
    • INVESCO LTD. removed 1,308,591 shares (-53.2%) from their portfolio in Q2 2026, for an estimated $59,567,062
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,234,865 shares (+77.8%) to their portfolio in Q2 2026, for an estimated $56,211,054
    • MARSHALL WACE, LLP removed 1,149,650 shares (-93.4%) from their portfolio in Q2 2026, for an estimated $52,332,068

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $PBF Price Targets

    Multiple analysts have issued price targets for $PBF recently. We have seen 4 analysts offer price targets for $PBF in the last 6 months, with a median target of $41.0.

    Here are some recent targets:

    • Jason Gabelman from TD Cowen set a target price of $39.0 on 06/29/2026
    • Connor Lynagh from Morgan Stanley set a target price of $38.0 on 06/12/2026
    • Nitin Kumar from Mizuho set a target price of $48.0 on 05/27/2026
    • Vikram Bagri from Citigroup set a target price of $43.0 on 05/01/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.