Carlos Slim-Linked Firm Continues Reduction of PBF Energy Stake

Control Empresarial, a major shareholder in PBF Energy (NYSE: PBF), has further reduced its equity position through the sale of 200,000 shares. According to an SEC Form 4 filing, the transactions occurred on April 6 and 7, 2026, at a weighted average price of $46.50 per share, totaling approximately $9.30 million. This latest move represents roughly 1.03% of the firm's direct holdings. However, the broader trend for 2026 shows a more aggressive exit strategy; Control Empresarial began the year with 30.8 million shares and has since seen its holding drop below 20 million shares. The firm, which serves as a primary investment vehicle for billionaire Carlos Slim and his family, has capitalized on a year-to-date total return of over 70% as of early April. The divestment comes during a period of extreme volatility for petroleum refiners. While geopolitical tensions involving Iran initially drove oil prices higher, recent reports of a ceasefire have led to a sharp correction, with PBF shares declining more than 10% in April alone. Investors are now looking toward PBF Energy's first-quarter financial results, scheduled for release on April 30. The company has provided guidance for its throughput, expecting a range between 810,000 and 870,000 barrels per day.