Control Empresarial de Capitales S.A. de C.V., a substantial equity holder in PBF Energy Inc. (PBF), has completed a divestment of 850,000 Class A Common Shares, realizing approximately $39.5 million in proceeds. The sales were executed across multiple transactions on June 29 and June 30, 2026, with weighted average prices ranging from $46.0062 to $47.006 per share. This activity occurs as PBF shares have appreciated by over 111% in the past year, currently trading at $48.04.
On June 29, Control Empresarial sold 370,000 shares at a weighted average price of $46.0062. These shares were transacted at prices between $45.50 and $46.445. Later that same day, an additional 200,000 shares were sold at a weighted average price of $47.006, with individual sale prices ranging from $46.70 to $47.51. On June 30, a further 280,000 shares were sold at a weighted average price of $46.652, with prices for these transactions falling between $46.10 and $47.02.
Following these transactions, Control Empresarial de Capitales S.A. de C.V. directly holds 16,862,128 Class A Common Shares of PBF Energy. The reporting entity is identified as a ten percent owner of PBF Energy. The Slim Family, including Carlos Slim Helú and his children, are also considered reporting persons as beneficiaries of a Mexican trust that owns Control Empresarial. Control Empresarial’s remaining holdings represent approximately 14.3% of PBF Energy’s 118,308,459 issued and outstanding Class A Common Shares, as reported in the company’s Form 10-Q filed on April 30, 2026. According to InvestingPro analysis, PBF appears slightly undervalued at current levels and maintains a "GOOD" financial health score. Investors seeking deeper insights can access PBF’s comprehensive Pro Research Report, one of 1,400+ available on the platform. The Form 4 filing was submitted to the Securities and Exchange Commission on July 1, 2026.
In other recent news, PBF Energy reported a significant earnings performance for the first quarter of 2026, with an adjusted earnings per share (EPS) of $1.65, surpassing the anticipated loss of $0.35. This financial outcome highlights the company’s ability to outperform expectations despite ongoing operational challenges. In another development, PBF Energy announced the pricing of a $500 million senior notes offering at 7.25%, with the offering expected to close on May 28, 2026. This move is part of the company’s strategy to manage its financial obligations and investments. Additionally, TD Cowen upgraded PBF Energy’s stock rating from Sell to Hold, citing the company’s strong refining margins. The firm emphasized PBF Energy’s high sensitivity to refining crack spreads, which could impact future earnings. Moreover, during its annual meeting, PBF Energy’s shareholders re-elected all nominated directors, ensuring continuity in the company’s leadership. These recent developments provide a comprehensive view of PBF Energy’s current financial and operational landscape.