Control Empresarial de Capitales S.A. de C.V., a substantial shareholder in PBF Energy Inc. (NYSE:PBF), has reported the divestment of 100,000 Class A Common Shares on June 5, 2026. The transaction resulted in proceeds totaling $4,316,950, with the shares sold at prices ranging from $43.15 to $43.25. This sale occurs against the backdrop of a remarkable 130% increase in PBF Energy's stock price over the preceding year. Despite this significant appreciation, the stock is currently trading at $40.36, a level below the prices at which the recent transaction was executed. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, trading at a P/E ratio of 10.55.
Following this transaction, Control Empresarial de Capitales S.A. de C.V. continues to hold 18,117,698 Class A Common Shares of PBF Energy directly. The reporting entity is identified as a 10% owner of PBF Energy. The filing further notes that the Slim Family, comprising Carlos Slim Helú and Marco Antonio Slim Domit, may be deemed to indirectly beneficially own these shares. The Slim Family serves as beneficiaries of a Mexican trust that owns all voting equity securities of Control Empresarial. As of April 30, 2026, the shares beneficially owned by Control Empresarial represented approximately 15.3% of PBF Energy’s 118,308,459 issued and outstanding Class A Common Shares. The Form 4 filing was signed by Marco Antonio Slim Domit acting as attorney-in-fact.
In related corporate developments, PBF Energy reported robust financial results for the first quarter of 2026. The company achieved an adjusted earnings per share (EPS) of $1.65, substantially exceeding the anticipated loss of $0.35. This positive outcome underscores the company's capacity to outperform expectations despite prevailing market challenges. Additionally, PBF Energy announced a $500 million senior notes offering. The notes are priced at a 7.25% interest rate and are due in 2034. The offering is expected to close on May 28, 2026, subject to customary closing conditions. The senior notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding Company LLC.
Furthermore, during its recent annual stockholder meeting, PBF Energy shareholders re-elected all nominated directors, including Thomas J. Nimbley and Spencer Abraham, to serve until the 2027 annual meeting. These actions indicate active corporate governance and strategic financial management by PBF Energy. The company's stock is currently listed at $40.36, reflecting a change of -2.01 (-4.74%) at the close of trading. After-hours trading shows a price of $40.36 with a change of 0.00 (0.00%).