Control Empresarial de Capitales S.A. de C.V., a principal shareholder in PBF Energy Inc. (NYSE:PBF), has disclosed the liquidation of 650,000 Class A Common Shares. The total value of these transactions amounts to approximately $34.23 million. The sales were executed across two consecutive days, July 8 and July 9, 2026, with share prices fluctuating between $52.2909 and $53.182. This timing is particularly noteworthy given that PBF Energy's stock is currently trading near its 52-week high of $53.55. According to data from InvestingPro, this recent activity reflects a remarkable 97.7% gain over the past year and a 99.5% surge year-to-date.
The reporting entity, which holds a 10% ownership stake in PBF Energy, carried out two distinct sales. On July 8, the entity sold 380,000 shares at a weighted average price of $52.2909 per share, resulting in a total of approximately $19.87 million. The following day, July 9, an additional 270,000 shares were sold at a weighted average price of $53.182 per share, amounting to approximately $14.36 million.
Following these divestments, Control Empresarial de Capitales S.A. de C.V. directly holds 15,812,128 Class A Common Shares of PBF Energy. The Slim Family, including Carlos Slim Helú and his children, are beneficiaries of a Mexican trust that owns Control Empresarial, thereby indirectly beneficially owning these shares. For deeper insights into PBF's valuation and performance, InvestingPro offers a comprehensive Pro Research Report covering this and 1,400+ other US equities, with the next earnings report scheduled for July 30.
In other recent news, PBF Energy announced the pricing of $500 million in senior notes at an interest rate of 7.25%, set to mature in 2034. This offering is expected to close in 2026, subject to customary conditions. In another development, PBF Energy's shareholders re-elected all nominated directors during the company's annual meeting, ensuring continuity in its board leadership. Analysts have also been active in evaluating PBF Energy, with Freedom Broker initiating coverage with a Hold rating and a price target of $42. Meanwhile, TD Cowen upgraded its rating from Sell to Hold, citing strong refining margins and increased earnings sensitivity to refining crack spreads. These developments come as PBF Energy navigates a challenging operational period, bolstered by the restart of the Martinez refinery and disruptions in the Strait of Hormuz.
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