PBF Energy director sells $8.97m in shares

Control Empresarial de Capitales S.A. de C.V., a key stakeholder in PBF Energy Inc., announced the sale of 120,000 Class A Common Shares on August 17, 2026. The transactions generated roughly $8,974,308, with shares exchanged at an average price of $74.7859. The sales happened in several batches, with prices fluctuating between $74.40 and $75.20 per share.

Post-transactions, the entity retains ownership of 14,285,397 Class A Common Shares of PBF Energy Inc., accounting for 14% of the company's total shares. This insider sale occurred as PBF shares approached their 52-week peak of $77.94, following an impressive year-to-date return of 183%. Despite this, PBF remains considered undervalued by InvestingPro, which has awarded it a 'GOOD' financial health score.

For those seeking a deeper analysis of PBF’s valuation and performance metrics, the Pro Research Report is available for this and over 1,400 other US equities. PBF Energy also recently reported a strong second-quarter earnings result for fiscal 2026, surpassing analyst expectations with adjusted earnings of $6.22 per share and revenue of $11.68 billion.

This success was driven by high refining margins due to global supply disruptions, and the company used its increased cash flow to trim its net debt by over $1.4 billion and reduce leverage by half. Analyst opinions on PBF Energy are mixed, with UBS maintaining a Buy rating and a price target of $84, while Freedom Broker lowered its rating to Sell and increased the price target to $55 due to geopolitical uncertainties.