PBF Energy Insider Sells $3.3M in Stock

Control Empresarial De Capital sells 70,000 shares of the oil refiner's stock

Apr. 9, 2026 at 9:50am

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An extreme close-up of the intricate machinery and equipment that makes up an industrial oil refinery, conveying the complex, high-stakes nature of the energy industry.A major PBF Energy shareholder's substantial stock sale raises questions about the oil refiner's future prospects.Parsippany Today

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 70,000 shares of the company's stock on Tuesday, April 7th, for a total value of $3,297,000. The sale represented a 0.36% decrease in the insider's ownership stake in the oil refining company.

Why it matters

Insider trading activity can provide insights into a company's performance and the sentiment of its leadership. This sale by a major PBF Energy shareholder may signal concerns about the company's outlook or a desire to diversify holdings, though the reasons are not explicitly stated.

The details

The shares were sold at an average price of $47.10. Following the transaction, Control Empresarial De Capital still owns 19,253,698 shares of PBF Energy, valued at approximately $906.8 million. The insider has made several other large stock sales in recent weeks, totaling over $100 million.

  • The shares were sold on Tuesday, April 7th, 2026.
  • Control Empresarial De Capital also made other large stock sales in March 2026, including 130,000 shares on April 6th, 600,000 shares on March 27th, and over 2 million shares in the last two weeks of March.

The players

Control Empresarial De Capital

A major institutional shareholder and insider of PBF Energy Inc., owning nearly 20 million shares of the oil refining company.

PBF Energy Inc.

An independent petroleum refiner headquartered in Parsippany, New Jersey, with five refineries across the U.S. and a combined crude oil processing capacity of 900,000 barrels per day.

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The takeaway

This insider sale, while substantial, does not necessarily indicate broader concerns about PBF Energy's performance. However, the large volume of recent stock sales by a major shareholder is worth monitoring, as it could signal a shift in confidence or a strategic portfolio rebalancing by the investor.