MEXICO CITY – Control Empresarial de Capitales S.A. de C.V., a significant shareholder in PBF Energy Inc. (NYSE:PBF), executed a divestment of 200,000 Class A Common Shares on July 1, 2026. The transaction resulted in a total value of $9,388,660, reflecting a weighted average sale price of $46.9433 per share. The shares were disposed of across multiple transactions, with individual prices ranging from $46.50 to $47.41. Following this transaction, Control Empresarial de Capitales S.A. de C.V. directly holds 16,662,128 Class A Common Shares in PBF Energy.
The sale occurs as PBF Energy shares trade near their 52-week high of $52.18. As of the transaction date, the stock was valued at $49.25, which is above the sale price. According to InvestingPro data, PBF Energy has delivered a 105% return over the past year and a 78% gain year-to-date. The data also indicates that the stock remains undervalued relative to its Fair Value.
Control Empresarial de Capitales S.A. de C.V. is identified as a ten percent owner of PBF Energy. The Slim Family—comprising Mr. Carlos Slim Helú, Mr. Carlos Slim Domit, Mr. Marco Antonio Slim Domit, Mr. Patrick Slim Domit, Ms. María Soumaya Slim Domit, Ms. Vanessa Paola Slim Domit, and Ms. Johanna Monique Slim Domit—are beneficiaries of a Mexican trust that owns all the voting equity securities of Control Empresarial. Consequently, the Slim Family may be deemed to indirectly beneficially own the Class A Common Shares held by Control Empresarial.
In other recent developments, PBF Energy reported a notable first quarter in 2026, achieving an adjusted earnings per share (EPS) of $1.65. This performance significantly outperformed the anticipated loss of $0.35. The earnings surprise comes amid ongoing operational challenges and market conditions. Additionally, PBF Energy announced the pricing of $500 million in senior notes at a 7.25% interest rate. The offering is expected to close by May 28, 2026, subject to customary conditions. The notes will be co-issued by PBF Finance Corporation, a subsidiary of PBF Holding Company LLC.
In another development, TD Cowen upgraded PBF Energy’s stock rating from Sell to Hold. The upgrade cites strong refining margins and the company’s sensitivity to refining crack spreads. This reflects a positive outlook on PBF Energy’s recovery from a challenging operational period. Furthermore, PBF Energy’s shareholders recently re-elected all nominated directors at the annual meeting, ensuring continuity in leadership until the 2027 meeting. These developments highlight PBF Energy’s strategic financial maneuvers and adjustments amidst evolving market conditions.