Control Empresarial de Capitales S.A. de C.V. sold $7.7M of PBF

UBS raised its PBF Energy (NYSE:PBF) price target to $99 from $84, citing higher cracks and increased Q3 2026 EPS estimates to $11.22. The stock trades near its 52-week high at $81.67, up 172% over the past year. UBS expects strong EBITDA and free cash flow for Q3 2026. PBF issued $550M in 0% exchangeable notes for corporate purposes.

PBF Energy (PBF) secured a new $4 billion revolving credit facility with Bank of America and other lenders, replacing a prior agreement. The facility matures in 2031, reduces fees, and maintains similar interest and covenant terms, enhancing PBF's liquidity and long-term financial flexibility.

BMO Capital reiterated a Market Perform rating on PBF Energy (NYSE:PBF) with an $80 price target. The company's stock is near its 52-week high, reflecting an 189% year-to-date gain. BMO revised its Q3 2026 earnings estimate to $11.99 per share, citing strong operational performance and high indicators. PBF Energy plans to use excess cash flow for improvements and may raise its dividend, currently at 1.43%.

PBF Energy's stock is falling due to a $550M debt deal and insider sales, compounded by a broader refining sector pullback. The company's strong cash flow and debt reduction provide some resilience, but earnings remain sensitive to industry conditions and policy changes. PBF's YTD performance is 189.89%, with a market cap of $9.15B.

Control Empresarial de Capitales S.A. de C.V. sold 150,000 shares of PBF Energy Inc. (PBF) at $80.60 ($12.09M total) on 2026-09-11.

PBF Energy's shares rose after the company priced a $500 million exchangeable notes offering. The stock has seen a 5-day increase of 6.14% and a year-to-date gain of 175.52%. The offering is expected to provide the company with additional financial flexibility.