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 beneficial ownership of PBF Energy Inc. Class A Common Shares following recent transactions.

Summary

• Control Empresarial de Capitales S.A. de C.V. (Control Empresarial) reported changes in beneficial ownership of PBF Energy Inc. Class A Common Shares.
• On February 13, 2025, Control Empresarial purchased 145,000 shares at a weighted average price of $23.6193 and 55,000 shares at a weighted average price of $24.2891.
• Following these transactions, Control Empresarial directly owns 29,705,998 Class A Common Shares.
• The Slim Family, as beneficiaries of a Mexican trust that owns all voting equity of Control Empresarial, may be deemed to indirectly beneficially own these shares.
• The 29,705,998 shares represent approximately 25.8% of the 115,313,481 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 from a major shareholder, but it's a routine filing.

Positives

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

Industry Context

This filing indicates continued interest and investment in PBF Energy by a significant shareholder, which could be seen in the context of the company's performance within the refining industry and broader energy market trends.

Stakeholder Impact

• The increased stake by Control Empresarial could reassure shareholders about the company's direction.
• The increased stake by Control Empresarial could reassure creditors about the company's direction.

Key Dates