PBF Energy director Control Empresarial sells $15.6m in shares

Control Empresarial de Capitales S.A. de C.V., a 10% owner and Director of PBF Energy Inc. (NYSE:PBF), recently sold 216,356 Class A Common Shares for around $15.6 million. The transactions took place on August 13 and 14, 2026, with share prices fluctuating between $71.70 and $74.32. The shares were sold in multiple transactions over the two-day period.

On August 13, the entity traded 170,000 shares at a weighted average price of $71.9798, ranging from $71.70 to $72.50. On the following day, it sold an additional 40,000 shares at a weighted average price of $74.2812, with prices between $74.25 and $74.32. As a result of these sales, Control Empresarial now owns 14,405,397 Class A Common Shares.

Following the reported transactions, PBF stock is trading near its 52-week high of $75.68, up 231% over the past year. Despite this strong performance, InvestingPro analysis suggests the stock is still undervalued and features on its Most Undervalued list. PBF Energy’s recent financials also indicate strong performance, with adjusted earnings per share of $6.22 in the second quarter of fiscal 2026, surpassing the forecasted $3.49.

Revenue for the quarter was $11.68 billion, beating the expected $9.67 billion. This growth was driven by strong refining margins resulting from global supply disruptions. In addition to this, PBF Energy reduced its net debt by over $1.4 billion, cutting leverage by more than half. Analysts have differing opinions on PBF Energy’s future.

UBS maintains a Buy rating on the stock, with a price target of $84, citing a robust refining outlook. Conversely, Freedom Broker downgraded the stock to Sell, raising the price target to $55 from $42 owing to geopolitical concerns.