Form 4: Control Empresarial de Capitales S.A. de C.V. Increases Stake in PBF Energy Inc.
SEC Form 4 Filing
Control Empresarial de Capitales S.A. de C.V., along with the Slim Family, reports an increase in their beneficial ownership of PBF Energy Inc. Class A Common Shares through recent purchases.
Summary
- Control Empresarial de Capitales S.A. de C.V. filed a Form 4 detailing changes in beneficial ownership of PBF Energy Inc. shares.
- On April 1, 2025, they purchased 30,000 Class A Common Shares at a weighted average price of $18.2582.
- On April 2, 2025, they purchased an additional 22,000 Class A Common Shares at a weighted average price of $19.4793.
- Following these transactions, Control Empresarial directly owns 30,586,998 Class A Common Shares.
- The Slim Family, as beneficiaries of a Mexican trust that owns Control Empresarial, may be deemed to indirectly beneficially own these shares.
- These shares represent approximately 26.5% of the 115,313,481 issued and outstanding Class A Common Shares as of February 13, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence, but it's a routine filing.
Positives
- The increased stake by Control Empresarial and the Slim Family could be interpreted as a positive signal regarding their confidence in PBF Energy's future prospects.
Industry Context
Increased ownership by a significant shareholder can often signal confidence in the company's strategy and future performance within the energy sector.
Comparison to Industry Standards
- Comparing the ownership stake to other major shareholders in similar refining companies like Valero or Marathon Petroleum could provide context on the significance of this ownership level.
- Tracking similar Form 4 filings for other companies in the sector can reveal trends in insider activity and investor sentiment.
Stakeholder Impact
- Shareholders may view the increased ownership as a positive sign.
- The increased ownership may have a positive impact on employee morale.
Key Dates
| Date | Description |
|---|---|
| February 3, 2022 | Date of Schedule 13D/A filing by the Slim Family and Control Empresarial with the SEC. |
| February 13, 2025 | Date of PBF Energy Inc.'s Form 10-K filing with the SEC, reporting 115,313,481 outstanding Class A Common Shares. |
| April 1, 2025 | Date of purchase of 30,000 Class A Common Shares at a weighted average price of $18.2582. |
| April 2, 2025 | Date of purchase of 22,000 Class A Common Shares at a weighted average price of $19.4793. |
| April 3, 2025 | Date of signature of the Form 4 filing. |
Keywords
PBF Energy Inc., Control Empresarial de Capitales, Slim Family, Class A Common Shares, Beneficial Ownership, Form 4, SEC
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