SCHEDULE 13G/A: BlackRock Discloses 10.5% Stake in PBF Energy Inc. Class A Stock

BlackRock, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 10.5% of PBF Energy Inc.'s Class A Stock as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 12,128,976 shares of PBF Energy Inc.'s Class A Stock.
• This aggregate amount represents 10.5% of the Class A Stock outstanding.
• BlackRock, Inc. holds sole voting power over 11,938,959 shares and sole dispositive power over 12,128,976 shares.
• No shared voting or dispositive power was reported.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously disclosed beneficial ownership.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares of the security class being reported.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership, which is factual and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• BlackRock's significant 10.5% stake in PBF Energy Inc. indicates substantial institutional investment and potential confidence from a major asset manager.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of BlackRock's significant stake provides transparency regarding major institutional holdings, which can influence investor perception and market dynamics.

Key Dates

Keywords

PBF Energy Inc., BlackRock Inc., Schedule 13G, Beneficial Ownership, Class A Stock, Institutional Investment, SEC Filing, Energy Sector