PBF Energy 10% owner sells $8.97m in common shares

Control Empresarial de Capitales S.A. de C.V., a 10% shareholder and director of PBF Energy Inc., divested 120,000 Class A shares on August 17, 2026, generating $8,974,308 through the sale. The shares were traded between $74.40 and $75.20, with an average price of $74.7859, near the stock's 52-week high of $75.68. Subsequently, the company's ownership of PBF Energy stood at 14,285,397 shares.

This sale followed a remarkable 164% increase in PBF shares over the past year, currently trading at $68.59 with a low P/E ratio of 5.93. A Form 4 filing was submitted on August 19, 2026. Despite PBF's undervaluation as per InvestingPro analysis, investors have access to a Pro Research Report for detailed insights. PBF Energy recently reported a strong earnings record for the second quarter of fiscal 2026, with EPS of $6.22 exceeding expectations and revenue surpassing forecasts.

This performance was attributed to robust refining margins amidst global supply disruptions. The company also employed surplus cash flow to reduce net debt by over $1.4 billion, lowering its leverage significantly. Analysts remain divided, with UBS maintaining a Buy rating at $84 and Freedom Broker changing the stance to Sell, though raising the price target to $55.

PBF Energy's recovery at the Martinez refinery and the ongoing impact of wartime disruptions are factors influencing these developments.