PBF Energy 10% owner Control Empresarial sells $14.9m in shares

Control Empresarial S.A. de C.V., an owner of PBF Energy Inc., sold approximately $14.9 million worth of its common shares on October 8, 2026. The transactions consisted of two separate sales: 70,000 Class A shares at a weighted average price of $87.5022 per share, and 100,000 Class A shares at a weighted average price of $88.4028 per share.

The insider sale occurred as PBF shares approached their 52-week high of $91.53, having surged 218% over the past year. Controlling 13,326,127 shares post-transaction, Control Empresarial remains a significant holder of PBF Energy Inc. PBF Energy has also seen strong market analysis, with UBS raising its price target to $99 and BMO Capital revising its third-quarter earnings estimate to $11.99 per share.

The company has issued $550 million in 0% exchangeable senior notes due in 2032 for various corporate purposes.