Control empresarial sells $24.8M in PBF Energy shares

Control Empresarial de Capitales S.A. de C.V., a major shareholder in PBF Energy Inc., recently sold a significant amount of the company's Class A common shares. The company owns a 10% stake in PBF Energy, which trades on the NASDAQ under the ticker symbol PBF. On September 9 and 10, 2026, Control Empresarial sold a total of 319,270 shares, generating approximately $24,830,814 in revenue.

The shares were sold at various prices, ranging from a weighted average of $77.2269 per share on September 9 to $78.1587 per share on September 10. This sale occurred as PBF Energy's shares were trading near their 52-week high of $82.61, following an impressive 194% return year-to-date. Despite this strong performance, the stock is currently undervalued according to InvestingPro analysis, with a Fair Value estimate of $88.19, suggesting potential upside for investors.

Control Empresarial's decision to sell shares may be attributed to the company's strong financial performance. PBF Energy reported a robust earnings beat for the second quarter of 2026, with adjusted earnings per share reaching $6.22, which surpassed analyst estimates of $3.49. The company's revenue also exceeded expectations, totaling $11.68 billion compared to the forecasted $9.67 billion. This impressive performance was primarily driven by elevated refining margins resulting from global supply disruptions.

However, not all analysts are bullish on PBF Energy's future. Freedom Broker recently downgraded the stock from a "Hold" rating to a "Sell" rating, citing geopolitical concerns. Despite this negative outlook, UBS maintained a "Buy" rating with a price target of $84, highlighting the company's potential due to its offline global refining capacity.

Control Empresarial's sale of shares may be a strategic move to rebalance its portfolio, taking advantage of the current market conditions and the company's strong financial performance.