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 20,000 Class A Common Shares of PBF Energy Inc. at an average price of $19.086 per share, increasing their total holdings to 30,534,998 shares.

Summary

• Control Empresarial de Capitales S.A. de C.V. filed a Form 4 with the SEC on April 1, 2025, reporting a change in beneficial ownership of PBF Energy Inc. shares.
• On March 28, 2025, Control Empresarial acquired 20,000 Class A Common Shares at a weighted average price of $19.086 per share.
• The total number of Class A Common Shares beneficially owned by Control Empresarial following the transaction is 30,534,998.
• These shares represent approximately 26.5% of the 115,313,481 issued and outstanding Class A Common Shares, as reported in PBF Energy's Form 10-K filed on February 13, 2025.
• The Slim Family, as beneficiaries of a Mexican trust that owns all voting equity securities of Control Empresarial, may be deemed to indirectly beneficially own these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence from a major shareholder, but it's a routine filing.

Positives

• Increased investment by a major shareholder could be interpreted as a positive signal about the company's prospects.

Industry Context

This filing reflects insider activity, which is closely monitored by investors for insights into management's and major shareholders' perspectives on the company's value and future performance. Increased ownership by significant shareholders can sometimes signal confidence in the company's prospects.

Comparison to Industry Standards

• Comparing PBF Energy's ownership structure to peers like Valero Energy Corporation (VLO) or Marathon Petroleum Corporation (MPC) could provide context.
• For example, institutional ownership in VLO is around 85%, while MPC's is around 75%.
• A 26.5% ownership by Control Empresarial makes them a significant shareholder in PBF Energy, potentially giving them considerable influence.

Stakeholder Impact

• Shareholders may view the increased stake as a positive sign.
• The increased ownership could potentially influence the company's strategic decisions.

Key Dates

Keywords

PBF Energy Inc., Control Empresarial de Capitales, Class A Common Shares, Beneficial Ownership, SEC Form 4, Slim Family, Investment