PBF Energy insider sells $35 million in stock

Control Empresarial De Capital reduces stake in refining company

Mar. 13, 2026 at 4:04pm

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PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 838,000 shares of the company's stock in a transaction on March 11, 2026, for a total value of $35,120,580. The sale represented a 3.19% decrease in Control Empresarial De Capital's position in PBF Energy.

Why it matters

Insider selling can be a signal of reduced confidence in a company's prospects, though Control Empresarial De Capital still maintains a large stake in PBF Energy. The sale also represents a potential near-term supply overhang for the stock. Investors will be watching to see if the insider selling continues or if it was a one-time reduction in position.

The details

In the transaction on March 11, Control Empresarial De Capital sold the 838,000 PBF Energy shares at an average price of $41.91. Prior to the sale, Control Empresarial De Capital owned 25,391,098 shares of PBF Energy, valued at approximately $1.06 billion. The insider has made several other large sales of PBF Energy stock in recent weeks, including 22,000 shares on March 10 at $40.08 per share, 205,000 shares on March 5 at $46.57 per share, and other sizable transactions in early March.

  • On March 11, 2026, Control Empresarial De Capital sold 838,000 shares of PBF Energy stock.
  • On March 10, 2026, Control Empresarial De Capital sold 22,000 shares of PBF Energy stock.

The players

Control Empresarial De Capital

A major insider and shareholder of PBF Energy Inc.

PBF Energy Inc.

An American petroleum refining company headquartered in Parsippany, New Jersey.

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The takeaway

The large insider sale by Control Empresarial De Capital raises questions about the near-term outlook for PBF Energy, though the company's fundamentals and long-term prospects remain uncertain. Investors will be closely watching for any further insider selling activity and analyzing the potential impact on the stock price.