Major 10% Owner Continues Significant Share Sales, Disposing of $28 Million in PBF Energy Stock
Summary
A major 10% owner, Control Empresarial de Capitales S.A. de C.V., sold an additional $27.99 million worth of PBF Energy stock, continuing a recent trend of significant insider selling.
Key Events
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Significant Share Disposition
Control Empresarial de Capitales S.A. de C.V., a 10% owner, sold 645,000 shares of PBF Energy Class A common stock for a total value of $27,993,834 on March 12-13, 2026.
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Continuation of Selling Trend
This sale is part of a broader pattern of distribution by the Slim Family and Control Empresarial, who have collectively sold over $170 million in PBF Energy stock since mid-February, as indicated by recent filings.
Analysis
Control Empresarial de Capitales S.A. de C.V., a 10% owner and part of the Slim Family, has continued its pattern of significant share sales, disposing of an additional $27.99 million in PBF Energy stock. This follows previous sales by the Slim Family totaling over $97 million since mid-February and another $48 million by Control Empresarial earlier this month. The ongoing distribution by a major institutional holder, especially after the company reported a net loss of $160.5 million for fiscal year 2025, could signal a lack of conviction or a strategic reduction in exposure, potentially weighing on investor sentiment.
At the time of this filing, PBF was trading at $44.64 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $13.62 to $47.18. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.