{
  "id": 5214992,
  "title": "PBF Energy director sells $8.97m in shares",
  "url": "https://urgent.news/2026/09/03/pbf-energy-director-sells-8-97m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T01:16:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pbf-energy-director-sells-897m-in-shares-93CH-4886916"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Shares traded at an average price of $74.79 per share, generating $8.97 million.",
    "The company retains 14% ownership of PBF Energy after the insider sale."
  ],
  "editors_take": "The sale of shares by a key stakeholder suggests a potential shift in investor confidence, despite the company's strong recent earnings and analyst expectations, amid mixed views on its future performance.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}