{
  "id": 803323,
  "title": "PBF Energy 10% owner sells $25.6m shares in August 2026",
  "url": "https://urgent.news/2026/08/13/pbf-energy-10-owner-sells-25-6m-shares-in-august-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T20:31:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pbf-energy-10-owner-sells-256m-shares-in-august-2026-93CH-4859166"
  },
  "original_language": "en",
  "account": "Control Empresarial de Capitales S.A. de C.V., a top owner and director of PBF Energy Inc., disposed of Class A Common Shares worth approximately $25.6 million in August 2026. The company transferred 370,375 shares over two days, with prices fluctuating between $68.00 and $70.72 per share. On August 11, 2026, the entity sold 110,000 shares at an average price of $68.2184. The following day, an additional 110,375 shares were sold at a weighted average price of $69.1383. The next day, on August 12, 2026, the entity sold 150,000 shares at a weighted average price of $70.1338. As of August 2026, PBF Energy stocks were trading at $74.36, nearing its 52-week high of $74.74. The shares have seen a substantial 215% return over the past year and a 163% increase year-to-date. Analysts at InvestingPro, utilizing 14 ProTips and comprehensive metrics, suggest that the stock is fairly valued at its current level. Following these transactions, Control Empresarial de Capitales S.A. de C.V. now holds 14,621,753 Class A Common Shares of PBF Energy Inc. PBF Energy’s second-quarter fiscal 2026 earnings exceeded expectations, with adjusted earnings of $6.22 per share and revenues of $11.68 billion, driven by strong refining margins due to global supply disruptions. Additionally, the company reduced its net debt by over $1.4 billion and decreased leverage by more than half, strengthening its balance sheet. UBS maintained a Buy rating for PBF Energy with a price target of $84, while Freedom Broker downgraded the stock to Sell with a new target price of $55, due to geopolitical concerns.",
  "summary": null,
  "key_points": [
    "Control Empresarial de Capitales S.A. de C.V. sold $25.6m worth of PBF Energy shares in August 2026.",
    "As of August 2026, PBF Energy stocks were trading at $74.36, nearing its 52-week high."
  ],
  "editors_take": null,
  "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."
}