SCHEDULE 13G: State Street Corporation Discloses 4.9% Stake in PBF Energy Inc.

State Street Corporation has filed a Schedule 13G, reporting a beneficial ownership of 4.9% of PBF Energy Inc.'s common stock as of March 31, 2025.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has filed a Schedule 13G with the SEC regarding its beneficial ownership in PBF Energy Inc.
• The filing indicates that State Street Corporation beneficially owns 5,692,856 shares of PBF Energy Inc.'s common stock.
• This ownership represents 4.9% of the total class of PBF Energy Inc. common stock.
• State Street Corporation holds shared voting power over 5,204,177 shares and shared dispositive power over all 5,692,856 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The filing was made pursuant to Rule 13d-1(b), identifying State Street Corporation as a parent holding company.
• Several subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Asia Limited, State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, State Street Global Advisors, Australia, Limited, and State Street Global Advisors, Ltd., are identified as having acquired the security.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership by an institutional investor and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• State Street Corporation, a major institutional investor, has disclosed a significant 4.9% beneficial ownership stake in PBF Energy Inc., which can be interpreted as a vote of institutional confidence.
• The filing explicitly states that the securities were acquired and are held in the ordinary course of business, indicating a passive investment rather than an activist intent to influence control, which can provide stability.

Future Outlook

The document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

PBF Energy Inc. operates within the energy sector, specifically in petroleum refining. State Street Corporation is a global financial services and asset management company. This filing represents a standard institutional investment by a large asset manager in a publicly traded energy company, reflecting portfolio allocation rather than specific industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holding by State Street Corporation may provide a degree of confidence or stability, as it indicates a large, passive investment in the company's stock.

Key Dates

Keywords

PBF Energy Inc, State Street Corporation, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, energy sector, refining