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., along with the Slim Family, reports an increase in their holdings of PBF Energy Inc. Class A Common Shares through open market purchases.

Summary

• Control Empresarial de Capitales S.A. de C.V. filed a Form 4 with the SEC on April 9, 2025, reporting changes in beneficial ownership of PBF Energy Inc. shares.
• On April 7, 2025, Control Empresarial purchased 16,000 Class A Common Shares at a weighted average price of $13.8829 per share.
• On April 8, 2025, they purchased an additional 5,000 Class A Common Shares at a weighted average price of $14.0959 per share.
• Following these transactions, Control Empresarial directly owns 30,742,998 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 26.7% of the 115,313,481 issued and outstanding Class A Common Shares of PBF Energy Inc.

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 major shareholder can sometimes signal confidence in the company's strategy and future performance within the refining industry. It could also indicate a potential for greater influence on company decisions.

Comparison to Industry Standards

• Comparing PBF Energy's ownership structure to other independent refiners like Valero Energy Corporation (VLO) or Marathon Petroleum Corporation (MPC) could provide context.
• Institutional ownership levels and the presence of significant individual shareholders are key benchmarks.
• For example, if VLO or MPC have similar levels of ownership concentration, this would suggest that PBF's ownership structure is within industry norms.

Stakeholder Impact

• Shareholders may view the increased ownership as a positive sign.
• Employees may see it as a sign of stability.
• Creditors may perceive it as a sign of financial strength.

Key Dates

Keywords

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