SCHEDULE 13G/A: Vanguard Group Updates Significant Stake in PBF Energy Inc. with 8.04% Ownership

The Vanguard Group has filed an updated Schedule 13G, disclosing its beneficial ownership of 8.04% of PBF Energy Inc.'s common stock as of March 31, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 9,301,717 shares of PBF Energy Inc. common stock.
• This represents 8.04% of the total class of securities.
• Vanguard holds sole dispositive power over 9,143,215 shares and shared dispositive power over 158,502 shares.
• Vanguard has shared voting power over 64,004 shares and no sole voting power.
• The filing is an Amendment No. 15 to a Schedule 13G, indicating a passive investment position.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing disclosing beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The Vanguard Group, a major institutional investor, maintains a significant stake (8.04%) in PBF Energy Inc., which can be viewed as a vote of confidence in the company's long-term prospects by a passive investor.

Negatives

• The document itself does not contain any negative information regarding PBF Energy Inc. or The Vanguard Group's investment.

Risks

• This filing is solely an ownership disclosure and does not detail specific operational or financial risks related to PBF Energy Inc.

Future Outlook

This document does not provide any forward-looking statements or guidance regarding PBF Energy Inc.'s future performance or The Vanguard Group's investment strategy beyond the passive nature of the 13G filing.

Management Comments

• The Vanguard Group certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

Schedule 13G filings are routine disclosures by passive institutional investors holding more than 5% of a company's stock. The Vanguard Group is one of the world's largest asset managers, and its holdings in various public companies are common. This filing reflects a standard investment position within the energy sector, where PBF Energy Inc. operates as a refiner.

Comparison to Industry Standards

• This document is a standard regulatory filing for passive ownership disclosure and does not contain information suitable for a comparison of PBF Energy Inc.'s operational or financial results against industry benchmarks or specific comparable companies/projects. The filing itself adheres to SEC standards for ownership reporting.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity.
• Company Management: Awareness of a large, passive institutional holder.

Next Steps

• The Vanguard Group will file future amendments to this Schedule 13G if there are significant changes to its beneficial ownership of PBF Energy Inc. common stock.

Key Dates

Keywords

PBF Energy Inc., Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Ownership Disclosure