Major Shareholder Slim Family Sells $97.4M in PBF Energy Stock

summarizeSummary

The Slim Family, a major 10% owner, has sold approximately $97.4 million worth of PBF Energy stock since mid-February, reducing their beneficial ownership to 22.6%.

check_boxKey Events

• Significant Shareholder Reduces Stake

  Control Empresarial de Capitales, representing the Slim Family, sold approximately 2.47 million Class A Common Shares.

• Substantial Proceeds from Sales

  The sales generated approximately $97.4 million in proceeds, occurring between February 11 and March 4, 2026.

• Ownership Reduced to 22.6%

  Following these transactions, the Slim Family's beneficial ownership in PBF Energy Inc. stands at 22.6% of the outstanding Class A Common Shares.

• Sales Occur Near 52-Week High

  These sales took place while PBF Energy's stock was trading near its 52-week high, potentially indicating profit-taking.

auto_awesomeAnalysis

The Slim Family, through Control Empresarial de Capitales, has significantly reduced its stake in PBF Energy Inc. by selling approximately 2.47 million shares for a total of $97.4 million since February 11, 2026. This systematic selling represents a substantial portion of the company's equity and comes as the stock trades near its 52-week high. While the Slim Family remains a significant 22.6% owner, this divestment by a major institutional investor could signal a shift in their long-term outlook or a move to lock in gains. This activity also occurs amidst other recent insider selling by company directors and officers.