Empresarial De Capitales S.A. De C.V. Control, an insider at PBF Energy Inc. (PBF), divested 120,000 shares of the company's stock on October 7, 2026. The sale, executed at a price of $84.13 per share, amounted to approximately $10.10 million.
This transaction follows a series of other sales by the same insider in recent months, totaling over 685,000 shares. Insider sales can occur for a variety of reasons, including portfolio diversification or tax planning, and do not necessarily indicate a negative view of the company's future prospects. PBF Energy Inc. is involved in the refining and supply of transportation fuels.