Form 4: Control Empresarial de Capitales S.A. de C.V. Increases Stake in PBF Energy Inc.

Control Empresarial de Capitales S.A. de C.V. acquired 100,000 Class A Common Shares of PBF Energy Inc., increasing their total holdings to 28,984,998 shares.

Summary

• Control Empresarial de Capitales S.A. de C.V. purchased 100,000 Class A Common Shares of PBF Energy Inc. on January 14, 2025.
• The shares were acquired at a weighted average price of $28.6206, with individual transaction prices ranging from $28.55 to $28.70.
• Following this transaction, Control Empresarial directly owns 28,984,998 Class A Common Shares.
• The Slim Family, through a Mexican trust that owns Control Empresarial, may be deemed to indirectly beneficially own these shares.
• These shares represent approximately 25.2% of the 115,123,458 issued and outstanding Class A Common Shares of PBF Energy Inc.

Sentiment

Score: 7

Explanation: The document indicates a positive move with a significant shareholder increasing their stake, suggesting confidence in the company. However, it's a routine filing, so the sentiment is moderately positive.

Positives

• The increased stake by Control Empresarial demonstrates a continued investment in PBF Energy Inc.
• The purchase of 100,000 shares indicates confidence in the company's future prospects.

Industry Context

This filing reflects a significant ownership stake by a major investor in the energy sector, which could influence market perception of PBF Energy Inc.

Comparison to Industry Standards

• The 25.2% ownership stake is a significant holding, indicating a high level of confidence in PBF Energy compared to typical institutional ownership levels.
• Other major energy companies often have diverse institutional ownership, but this concentrated ownership by Control Empresarial and the Slim Family is notable.
• This level of ownership is comparable to situations where a company has a controlling shareholder, which can have implications for corporate governance and strategic direction.

Stakeholder Impact

• The increased stake by Control Empresarial could be viewed positively by shareholders, potentially increasing confidence in the company.
• The significant ownership may influence the company's strategic decisions and direction.

Key Dates

Keywords

PBF Energy Inc., Class A Common Shares, Control Empresarial de Capitales S.A. de C.V., Slim Family, Beneficial Ownership, Share Purchase, SEC Form 4