JPMorgan Chase Reduces Stake in PBF Energy

Investment firm sells 482,748 shares of oil and gas company

Published on Mar. 4, 2026

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JPMorgan Chase & Co. has reduced its position in PBF Energy Inc. (NYSE:PBF) by 46.7% during the third quarter, according to a recent 13F filing with the SEC. The institutional investor now owns 551,849 shares of the oil and gas company's stock, down from 1,034,597 shares previously.

Why it matters

This move by one of the largest investment firms signals a shift in sentiment around PBF Energy, which operates five refineries across the U.S. Gulf Coast, East Coast and Pacific Northwest. The sale could indicate JPMorgan's view that PBF's stock price may have reached a peak or that the firm sees better investment opportunities elsewhere.

The details

According to the 13F filing, JPMorgan Chase sold 482,748 shares of PBF Energy during the third quarter. The investment firm now owns a 0.48% stake in the oil and gas company, down from the 0.90% stake it held previously. PBF Energy's stock price has fluctuated between $13.61 and $41.47 over the past 52 weeks.

  • JPMorgan Chase reduced its PBF Energy stake during the third quarter of 2025.

The players

JPMorgan Chase & Co.

One of the largest investment firms in the world, with over $3 trillion in assets under management.

PBF Energy Inc.

An independent petroleum refiner headquartered in Parsippany, New Jersey, with five refineries across the U.S.

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The takeaway

This transaction by JPMorgan Chase suggests a potential shift in market sentiment around PBF Energy, as one of the world's largest investment firms reduces its stake in the oil and gas company. It remains to be seen how this will impact PBF Energy's stock price and operations going forward.