New insider activity at PBF Energy ( (PBF) ) has taken place on March 28, 2025.
Carso De-C Inmobiliaria has made a significant investment in PBF Energy by purchasing 165,000 shares of the company’s stock. This transaction is valued at an impressive $3,218,300, highlighting a strong vote of confidence in PBF Energy’s potential.
Recent Updates on PBF stock
PBF Energy has announced plans to repair and restart its Martinez, California refinery, which was damaged by a fire. The restart will occur in two stages, with some units expected to resume operations in early 2025 and others by the end of 2025. The company anticipates that insurance will cover most repair costs and offset financial losses from the downtime. Despite this, several analysts have lowered their price targets for PBF Energy. The adjustments are largely due to the prolonged shutdown of the Martinez plant and the associated financial challenges, including potential delays in regulatory approvals and equipment availability. Analysts are also concerned about the impact of these factors on PBF Energy’s financial performance and future earnings potential.
More about PBF Energy
YTD Price Performance: -26.20%
Average Trading Volume: 2,573,030
Technical Sentiment Signal: Buy
Current Market Cap: $2.24B