Control Empresarial de Capitales S.A. de C.V. reported the sale of 645,000 shares of Class A common stock of PBF Energy Inc (NYSE:PBF) in a Form 4 filed with the Securities and Exchange Commission. The two-day disposal generated proceeds of $27,993,833, with execution prices spanning $42.9901 to $43.785.
The first tranche was executed on March 12, 2026, when Control Empresarial sold 265,000 shares at a weighted average price of $43.5507. Those shares were transacted in multiple trades at prices ranging from $43.30 to $43.785. After that day's activity, the filing shows the entity's remaining position at 25,126,098 shares.
On March 13, 2026, a second block of 380,000 shares was sold at a weighted average price of $43.2971, with individual trade prices between $42.9901 and $43.535. Following the March 13 transactions, Control Empresarial's holdings decreased to 24,746,098 shares. The Form 4 was signed by Marco Antonio Slim Domit, Attorney-in-Fact, on behalf of Control Empresarial.
These insider sales come against a backdrop of strong share-price performance for PBF. Over the past 12 months the stock has climbed 118%, substantially outpacing broader market averages. Despite that run-up, InvestingPro analysis places the stock only modestly above its Fair Value estimate of $41.46, indicating limited valuation upside at current levels based on that assessment.
Investors and analysts have also been parsing PBF's recent quarterly results. For the fourth quarter of 2025 the company reported an adjusted earnings per share of $0.66, a result that exceeded consensus expectations that had called for a loss of $0.20 per share. Revenue for the quarter amounted to $7.14 billion, narrowly underperforming consensus estimates of $7.17 billion.
The combination of an earnings beat and a slight revenue miss has led to a mixed read on the quarter. While the adjusted EPS surprised to the upside, the revenue shortfall tempers the overall picture and has prompted analysts to revisit their outlooks for the company. These developments form part of the recent news flow that market participants are weighing alongside ownership changes disclosed in the Form 4.
Context and implications
- Transaction mechanics: The Form 4 discloses precise trade counts, weighted average prices, and post-trade share totals for Control Empresarial across March 12-13, 2026.
- Valuation snapshot: Despite a substantial 12-month price appreciation of 118%, InvestingPro's Fair Value of $41.46 places the stock slightly below the trading range established by the insider sales.
- Earnings versus revenue: PBF's adjusted Q4 2025 EPS of $0.66 beat expectations for a loss of $0.20, while revenue of $7.14 billion trailed the $7.17 billion estimate, creating a mixed financial signal.
The Form 4 and the company's quarterly report together give investors discrete pieces of data to incorporate into valuation and position-sizing decisions. The filing documents a concrete change in the ownership stake held by a significant shareholder and the quarterly figures provide fresh operating and financial information for market participants to evaluate.