Slim Family Group Amends PBF Energy Stake Disclosure

TL;DR

**Slim family still big owners of PBF Energy, signaling long-term confidence.**

AI Summary

Carlos Slim Helú and his family group, including Carlos Slim Domit and Johanna Monique Slim Domit, have filed an Amendment No. 11 to their Schedule 13G, indicating their beneficial ownership of PBF Energy Inc. Class A Common Stock as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant stake in the petroleum refining company. For investors, this matters because the Slim family's sustained large ownership suggests a long-term belief in PBF Energy's value, potentially signaling stability or confidence in the company's future performance.

Why It Matters

This filing confirms that Carlos Slim Helú and his family continue to hold a significant stake in PBF Energy Inc., which can be seen as a vote of confidence from a prominent investor group.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership filing, indicating no immediate new risks or significant changes.

Analyst Insight

Investors should note the continued significant ownership by a prominent investor group like the Slim family, which could imply long-term stability or confidence in PBF Energy. However, this filing itself doesn't indicate new buying or selling activity, so further due diligence on PBF Energy's fundamentals is still crucial.

Key Players & Entities

• Carlos Slim Helú (person) — reporting person and head of the group
• PBF Energy Inc. (company) — the issuer of the securities
• Carlos Slim Domit (person) — member of the reporting group
• Johanna Monique Slim Domit (person) — member of the reporting group
• Control Empresarial de Capitales S.A. de C.V. (company) — member of the reporting group
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• The Slim family group will maintain a significant beneficial ownership in PBF Energy Inc. throughout 2024. (Carlos Slim Helú) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001140361-24-005132.txt : 20240201 0001140361-24-005132.hdr.sgml : 20240201 20240201172537 ACCESSION NUMBER: 0001140361-24-005132 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 GROUP MEMBERS: CARLOS SLIM DOMIT GROUP MEMBERS: CONTROL EMPRESARIAL DE CAPITALES S.A. DE C.V. GROUP MEMBERS: JOHANNA MONIQUE SLIM DOMIT GROUP MEMBERS: MARCO ANTONIO SLIM DOMIT GROUP MEMBERS: MARIA SOUMAYA SLIM DOMIT GROUP MEMBERS: PATRICK SLIM DOMIT GROUP MEMBERS: VANESSA PAOLA SLIM DOMIT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PBF Energy Inc. CENTRAL INDEX KEY: 0001534504 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87137 FILM NUMBER: 24588000 BUSINESS ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-455-7500 MAIL ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HELU CARLOS SLIM CENTRAL INDEX KEY: 0001080910 ORGANIZATION NAME: FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: PASEO DE LAS PALMAS 736 CITY: MEXICO CITY STATE: O5 ZIP: 11000 SC 13G/A 1 ef20020480_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC  20549 SCHEDULE 13G   Under the Securities Exchange Act of 1934   (Amendment No. 11)* PBF Energy Inc. (the “Issuer”) (Name of Issuer)   Class A Common Stock, $0.001 par value per share (the “Class A Common Shares”) (Title of Class of Securities)   69318G106 (CUSIP Number)   December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed:     ☐ Rule 13d-1(b)   ☒ Rule 13d-1(c)   ☐ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 69318G106   Page 2 of 14 1 NAMES OF REPORTING PERSONS     Carlos Slim Helú         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a)☐     (b) ☐     3 SEC USE ONLY             4 CITIZENSHIP OR PLACE OF ORGANIZATION     México         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER     - 0 -         6 SHARED VOTING POWER     14,345,198 Class A Common Shares (See Item 4(c))         7 SOLE DISPOSITIVE POWER     - 0 -         8 SHARED DISPOSITIVE POWER     14,345,198 Class A Common Shares (See Item 4(c))         9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     14,345,198 Class A Common Shares (See Item 4(a))         10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)     ☐         11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)     11.7% of the total Class A Common Shares outstanding (See Item 4(b))         12 TYPE OF REPORTING PERSON (SEE INSTRUC