BlackRock Amends PBF Energy Stake, Maintains Passive Position
Ticker: PBF · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1534504
| Field | Detail |
|---|---|
| Company | Pbf Energy Inc. (PBF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns PBF Energy stock, no big changes.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of PBF Energy Inc. Class A Common Stock as of December 31, 2023. This amendment (Amendment No. 2) indicates BlackRock's continued significant passive stake in PBF Energy. For investors, this means a major institutional investor maintains confidence in PBF Energy, which can signal stability and potentially influence other institutional buying or selling decisions.
Why It Matters
This filing shows that BlackRock, a massive institutional investor, continues to hold a significant, passive stake in PBF Energy, signaling their long-term confidence in the company without seeking to influence management.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
A smart investor would note BlackRock's continued passive ownership as a sign of institutional confidence, but also understand that this filing doesn't signal any new strategic moves or changes in PBF Energy's operations.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- PBF Energy Inc. (company) — the subject company whose stock is being reported
- Class A Common Stock (security_type) — the type of shares held by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified in the 'Names of reporting persons' section of the filing.
What is the subject company whose securities are being reported?
The subject company is PBF Energy Inc., as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of PBF Energy Inc. is 69318G106, as listed in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding PBF Energy Inc. (PBF).