On August 27, PBF Energy Inc rose 6.44% in regular trading, trading at $70.73/share, with turnover of $55.16 million.

On the news front, the refining sector saw broad-based strength driven by escalating geopolitical conflicts that pushed up crack spreads. Morgan Stanley recently raised its Brent crude forecast to $100 per barrel, citing record refining profit margins as a key support for the sector. PBF Energy had previously experienced consecutive pullbacks due to intensive insider selling — including a 125,000-share disposal by Director Nimbley Thomas J. and sustained reductions by major shareholder Control Empresarial de Capitales S.A. de C.V. The current rebound appears to benefit from a combination of confirmed industry upswing and oversold technical recovery.

Within the Oil & Gas Refining & Marketing sector, peers also posted gains: Delek US up 5.9%, HF Sinclair Corporation up 4.55%, Phillips 66 up 2.79%, Marathon Petroleum up 2.57%, and Valero up 2.56%.

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