PBF Energy director Control Empresarial sells $15.6m in shares By Investing.com

Control Empresarial de Capitales S.A. de C.V., a 10% owner and Director of PBF Energy Inc. (), reported selling a total of 216,356 Class A Common Shares for approximately $15,628,897. The transactions occurred on August 13 and 14, 2026, with shares sold at prices ranging from $71.70 to $74.32. The sales come as PBF stock trades near its 52-week high of $75.68, following a remarkable 231% return over the past year. According to InvestingPro analysis, the stock remains undervalued at current levels, appearing on the platform’s Most Undervalued list despite the strong rally.

The sales were executed in multiple transactions over two days. On August 13, 2026, Control Empresarial disposed of 170,000 shares at a weighted average price of $71.9798, with individual sale prices ranging from $71.70 to $72.50. An additional 40,000 shares were sold on the same day at a weighted average price of $73.005, with prices between $73.00 and $73.065. On August 14, 2026, the entity sold 6,356 shares at a weighted average price of $74.2812, with individual prices ranging from $74.25 to $74.32.

Following these reported transactions, Control Empresarial de Capitales S.A. de C.V. beneficially owns 14,405,397 Class A Common Shares. For investors seeking deeper insights into PBF’s valuation and growth prospects, InvestingPro offers comprehensive Pro Research Reports covering PBF and 1,400+ other US equities, transforming complex data into actionable intelligence.

In other recent news, PBF Energy reported robust second-quarter fiscal 2026 results, significantly surpassing earnings expectations. The company achieved adjusted earnings of $6.22 per share, well above the analysts’ forecast of $3.49, while revenue reached $11.68 billion, exceeding the anticipated $9.67 billion. This impressive performance was attributed to strong refining margins amid global supply disruptions. Additionally, PBF Energy utilized increased cash flow to strengthen its financial position by reducing net debt by over $1.4 billion and cutting leverage by more than half.

On the analyst front, UBS reiterated its Buy rating on PBF Energy, maintaining a price target of $84, citing a strong refining outlook. Conversely, Freedom Broker downgraded the company’s stock rating from Hold to Sell, though it raised the price target to $55 from $42 due to geopolitical concerns. These developments reflect differing analyst perspectives on the company’s future amid current market conditions.

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