PBF Energy director sells $8.97m in shares

Control Empresarial de Capitales S.A. de C.V., a 10% owner and director of PBF Energy Inc. (PBF), reported the sale of 120,000 Class A Common Shares on August 17, 2026. The transactions totaled approximately $8,974,308.

The shares were sold at a weighted average price of $74.7859 per share. The sales occurred in multiple transactions with prices ranging from $74.40 to $75.20 per share.

Following these transactions, Control Empresarial de Capitales S.A. de C.V. beneficially owns 14,285,397 Class A Common Shares of PBF Energy Inc.The insider sale comes as PBF shares trade near their 52-week high of $77.94, following a remarkable year-to-date return of 183%. According to InvestingPro analysis, the stock remains undervalued relative to its Fair Value, with the company earning a "GOOD" financial health score. For deeper insights into PBF’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.

In other recent news, PBF Energy reported a significant earnings beat for the second quarter of fiscal 2026. The company achieved adjusted earnings of $6.22 per share, surpassing analysts’ expectations of $3.49 per share. Revenue also exceeded forecasts, reaching $11.68 billion compared to the anticipated $9.67 billion. The strong financial performance was attributed to unusually high refining margins due to global supply disruptions. Additionally, PBF Energy utilized its increased cash flow to reduce net debt by over $1.4 billion and cut leverage by more than half. UBS reiterated its Buy rating for PBF Energy, maintaining a price target of $84, citing a robust outlook for refining. Conversely, Freedom Broker downgraded the stock to Sell from Hold, despite raising the price target to $55, due to geopolitical concerns. These developments highlight the mixed analyst sentiment surrounding PBF Energy amidst its recent financial achievements.