Control Empresarial Raises Its PBF Energy Stake to 25%

Today’s most notable insider transaction comes via a Form 4 filing from Control Empresarial de Capitales S.A.

The firm disclosed another increase in its ownership stake in PBF Energy $PBF. They now own 28,814,998 shares, representing more than a 25% interest.

Here’s The Hot Corner, with data from December 20, 2024:

Adding to the action, Director Arjun Murti disclosed the purchase of 2,500 shares of ConocoPhillips $COP. 

While smaller in scale, these transactions indicate an insider's belief in the value or potential upside of the company.

Despite a rough couple of months for the entire sector, energy names are popping up on our radar a lot lately.

Even Warren Buffett is buying this dip. After a six-month pause, Berkshire Hathaway reported another purchase of Occidental Petroleum $OXY, reinforcing their bullish view on the oil & gas company.