Major Shareholder Slim Family Reports $88 Million in PBF Energy Stock Sales
Summary
An amendment to a Schedule 13D reveals that the Slim Family, a major shareholder, has sold approximately $88 million worth of PBF Energy stock since early January, continuing to reduce their stake.
Key Events
-
Significant Share Sales Reported
Control Empresarial de Capitales, associated with the Slim Family, sold approximately 2.52 million shares of PBF Energy stock for a total of about $88.0 million between January 9, 2026, and February 11, 2026.
-
Continued Stake Reduction
These sales represent a continued reduction in the Slim Family's beneficial ownership, which now stands at 24.6% of the outstanding Class A Common Shares. This follows previous sales reported in early February.
Analysis
The Slim Family, through Control Empresarial de Capitales, has continued to reduce its stake in PBF Energy, reporting sales totaling approximately $88 million over the past month. This follows previous disclosures of sales by the same entity. While the family remains a significant shareholder, the ongoing disposition of shares by a major institutional investor could signal a shift in their long-term investment strategy or a move to rebalance their portfolio. Investors should monitor future filings for continued selling activity.
At the time of this filing, PBF was trading at $35.88 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $13.62 to $41.48. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.