Nimbley Thomas J. sold $17.6M of PBF

Piper Sandler initiated PBF Energy (NYSE:PBF) with a Neutral rating and $94 price target. The stock trades at $80.55, with a low P/E ratio of 7. Piper Sandler noted PBF's balance sheet improvement and expected net cash position in H2. UBS raised its target to $99, while BMO revised its Q3 2026 EPS estimate to $11.99. PBF issued $550M in notes for debt redemption and corporate purposes.

PBF Energy plans to redeem $800M of 9.875% Senior Notes due 2030 on October 26, 2026, at 100% principal plus premium and accrued interest. This debt management move may reduce future interest expenses and alter its capital structure, potentially benefiting equity investors and bondholders. Analysts rate PBF stock as Hold with a $91 target, while TipRanks' AI rates it as Outperform.

PBF Energy Inc. (PBF) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. Notice of Optional Redemption On October 14, 2026, PBF Holding Company LLC (“PBF Holding”), an indirect subsidiary of PBF Energy Inc. (the “Company”), and PBF Finance Corporation, a wholly-owned subsidiary of PBF Holding (“PBF Finance”), issued a notice o

PBF Energy Inc. (NYSE: PBF) shares rose 5.44% on October 13, 2026, driven by strong refining margins and capacity outlook. The company reported $11.7B in revenue and $1.44B in EBITDA for Q2 2026, with a net income of $906M. Analysts from Goldman Sachs, Citi, and Mizuho raised price targets, citing strong cash flow and favorable refining conditions. PBF also issued $500M in exchangeable notes to reduce debt.

Rep. Brian Fitzpatrick (R-Pa.) plans bipartisan legislation to block U.S. purchases of Russian oil, including diesel. Energy markets reacted with heating oil futures dropping 4.33% on Friday. Refining stocks like PBF Energy (PBF), Marathon Petroleum (MPC), and Valero Energy (VLO) fell. Trump authorized Russian diesel imports for six months, raising legal and political concerns. Analysts question the impact on prices and criticize the move as a short-term solution.

President Trump announced Russia will supply 4.8M tons of diesel to global markets, including the U.S., following a call with Putin. Heating oil futures dropped 4.33% on the news. Shares of refiners like MPC, PBF, and VLO declined. The deal reverses recent U.S. sanctions on Russia, with the Treasury issuing a temporary license for trade.