SCHEDULE: Dimensional Fund Advisors LP Updates Passive Stake in PBF Energy Inc, Reduces Holding to 4.8%

Dimensional Fund Advisors LP has filed an amended Schedule 13G, reporting a 4.8% passive beneficial ownership stake in PBF Energy Inc as of June 30, 2025.

Summary

• Dimensional Fund Advisors LP (DFA) filed an Amendment No. 1 to Schedule 13G regarding its holdings in PBF Energy Inc.
• DFA beneficially owns 5,594,346 shares of PBF Energy Inc Common Stock.
• This ownership represents 4.8% of the total class of securities.
• DFA holds sole voting power over 5,460,114 shares and sole dispositive power over 5,594,346 shares.
• The shares are held by DFA in its capacity as an investment adviser for various investment companies, commingled funds, group trusts, and separate accounts (collectively, the "Funds").
• DFA disclaims beneficial ownership of these securities for any purposes other than Section 13(d) of the Securities Exchange Act of 1934.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PBF Energy Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing a passive ownership stake. It contains factual information about shareholdings and does not express positive or negative sentiment regarding the issuer's performance or outlook, though the reduction in stake could be interpreted as a slightly negative signal.

Positives

• A significant institutional investor, Dimensional Fund Advisors LP, maintains a substantial passive stake in PBF Energy Inc, indicating continued investment interest.
• The holding is for ordinary course of business, not for control, suggesting stability in the ownership structure from a governance perspective.

Negatives

• Dimensional Fund Advisors LP's beneficial ownership has decreased to 4.8% of the class, falling below the 5% threshold that typically triggers initial Schedule 13G filings, indicating a reduction in their stake from a previous filing where they held over 5%.

Risks

• Dimensional Fund Advisors LP disclaims beneficial ownership of the securities for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, clarifying their role as an investment adviser rather than a direct owner with control intent.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding PBF Energy Inc's future performance or outlook.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by Selwyn Notelovitz, Global Chief Compliance Officer of Dimensional Fund Advisors LP).

Industry Context

This filing reflects a routine disclosure by a major institutional investment adviser, Dimensional Fund Advisors LP, regarding its passive holdings in a publicly traded company, PBF Energy Inc. Such filings are common in the asset management industry as part of regulatory compliance for significant ownership stakes, providing transparency on institutional investment trends.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's passive stake, noting a slight reduction in their percentage ownership.
• Investment Professionals: Offers data on institutional holdings for portfolio analysis and tracking.

Key Dates

Recommendation

Keywords

PBF Energy Inc, Dimensional Fund Advisors LP, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment, SEC filing, ownership update