PBF ENERGY INC.
boothcheck covers PBF ENERGY INC. (PBF) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• PBF Energy is an independent refiner coming out of a disruption year: its Martinez, California refinery returned to full planned rates in May 2026 after a February 2025 fire, and insurance reimbursements on that event have reached $1.0 billion. • The price reflects the recovery skeptically, trading below book value at roughly 10 times mid-cycle operating income, low enough that even a 5%-a-year decline would not justify it. • The defining risks are the refining cycle and California regulation,
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401 institutional managers reported holding PBF in 13F filings for the quarter ended 2026-03-31. Together they hold about 81% of the company; the top 10 hold 43%. 100 opened new positions that quarter. Held by BlackRock, Vanguard Group, Goldman Sachs, among others. On the short side, 13.8M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PBF has cut its share count 2.5% over the past five years, spending $1.02B on repurchases. It pays a dividend, and has for 4 years running, raised 3 years straight; the current rate is $1.20 a share annually. Cash returned over the past three years: $331.20M in dividends and $594.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PBF over the trailing three years: 2024: 70 buys totaling $578.36M; 2025: 30 buys totaling $44.81M. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PBF's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | +1.8% | +29.6% |
| 2023-08-04 | -4.6% | +0.5% |
| 2023-11-03 | -4.6% | -8.6% |
| 2024-05-03 | -0.5% | -16.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PBF's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-05-28 (items 1.01, 2.03, 9.01); 2026-05-27 (items 8.01, 9.01); 2026-05-26 (items 7.01, 8.01, 9.01); 2026-04-30 (items 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.