PBF Energy Soars 10.15% on UBS Upgrade

PBF Energy (PBF) surged 10.15% today, marking its fourth consecutive day of gains, with a total increase of 24.86% over the past four days. The share price reached its highest level since February 2025, with an intraday gain of 11.59%.

The strategy of buying PBF shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.56% annualized gain. However, the maximum drawdown of 16.62% during the 2025 downturn highlighted its vulnerability in market downturns. The Sharpe ratio of 0.28 indicated reasonable risk-adjustized returns, suggesting the strategy provided modest stability and growth over the period.

The recent surge in PBF Energy's stock price can be attributed to a significant upgrade by UBS. On May 13, 2025, UBS upgraded its rating for PBF Energy from Neutral to Buy, citing substantial improvements in refining fundamentals and a robust rebound in refining cracks. This upgrade has played a crucial role in the stock's recent performance, contributing to a nearly 11% rise in its value. The report from Fintel confirms that this upgrade took place on the specified date, further validating the positive outlook for the company.

This upgrade reflects a broader trend of optimism in the refining sector, with analysts noting that PBF Energy is well-positioned to benefit from the current market conditions. The company's strong operational performance and strategic initiatives have been key drivers of this positive sentiment, making it an attractive investment option for many market participants. As the refining industry continues to recover, PBF Energy is expected to maintain its upward trajectory, supported by favorable market dynamics and a solid business strategy.