Insider Trading April 8, 2026 04:51 PM

Control Empresarial de Capitales Sells $9.3 Million Stake in PBF Energy

10% owner disposes of 200,000 Class A shares across two days as PBF posts mixed Q4 2025 results

By Hana Yamamoto PBF
Control Empresarial de Capitales Sells $9.3 Million Stake in PBF Energy
PBF

Control Empresarial de Capitales S.A. de C.V., a roughly 10% shareholder of PBF Energy Inc. (NYSE: PBF), sold 200,000 Class A common shares on April 6-7, 2026, netting $9.3 million at prices between $46.1808 and $47.5276. The transactions reduce the entity's direct stake to 19,253,698 shares. The move occurs amid mixed Q4 2025 results for PBF - an adjusted EPS beat alongside a slight revenue shortfall - and after a strong one-year share rally.

Key Points

  • Control Empresarial de Capitales sold 200,000 Class A common shares of PBF Energy across April 6-7, 2026, for $9,300,522 at prices between $46.1808 and $47.5276.
  • Following the sales, the entity directly owns 19,253,698 shares of PBF Energy Inc.; the stock traded at $43.03, below the prior close of $46.37, but is up 234% over the past year.
  • PBF reported Q4 2025 adjusted EPS of $0.66 versus an expected -$0.20, while revenue came in at $7.14 billion compared with $7.17 billion expected; the earnings release prompted a positive market reaction.

Control Empresarial de Capitales S.A. de C.V., identified as a 10% owner of PBF Energy Inc. (NYSE: PBF), reported the sale of 200,000 Class A common shares in filings with the Securities and Exchange Commission. The disposition took place over two days and generated proceeds of $9,300,522, with executed prices ranging from $46.1808 to $47.5276.


Transaction details show the entity sold 130,000 shares on April 6, 2026, and moved the remaining 70,000 shares on April 7, 2026. The April 7 trades were split into two executions of 63,700 and 6,300 shares respectively. After these sales, Control Empresarial now directly holds 19,253,698 shares of PBF Energy Inc.


At the time of reporting, PBF's stock was trading at $43.03, below the previous close of $46.37. Despite the recent intraday decline, the shares have delivered a pronounced 234% return over the trailing 12 months, underscoring substantial appreciation over the past year.


Independent analysis cited in available materials notes continued momentum for the company, with a 57% gain over the prior six months, according to InvestingPro analysis. These performance metrics sit alongside the company’s most recent quarterly results.


In its fourth-quarter 2025 report, PBF Energy posted adjusted earnings per share of $0.66, outperforming the expectation of -$0.20. Revenue for the quarter totaled $7.14 billion, narrowly missing the consensus projection of $7.17 billion. The combination of an EPS beat and a slight revenue shortfall produced a positive stock market response to the earnings announcement.


These developments - an insider shareholder reduction and a quarter that mixed profit outperformance with revenue underperformance - are observable facts in the filings and reported results. Market participants and analysts are likely to continue watching how PBF translates recent earnings into future operating performance, given the divergent signals in the quarter.

Risks

  • Insider selling may introduce uncertainty for equity investors in the energy sector and broader equity markets - the sale reduces a large shareholder’s stake and could influence market perceptions.
  • Mixed quarterly results - an EPS beat paired with a revenue shortfall - create uncertainty about near-term operational strength for PBF and may affect investor expectations in the energy and refining subsectors.

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