Dimensional Fund Advisors Reports 7.24M Share Stake in PBF Energy

Ticker: PBF · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, SC-13G, fund-holding

TL;DR

**Dimensional Fund Advisors just disclosed a 7.24M share stake in PBF Energy, a bullish sign.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, reported beneficial ownership of 7,244,600 shares of PBF Energy Inc. Common Stock as of December 29, 2023. This represents a significant institutional holding, indicating a vote of confidence from a major investment firm. This matters to investors because large institutional holdings can provide stability and signal that professional money managers see value in the company, potentially influencing other investors.

Why It Matters

This filing shows a major institutional investor, Dimensional Fund Advisors LP, holds a substantial stake in PBF Energy Inc., which can be a positive signal for the stock's stability and future prospects.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive or neutral event, reducing perceived risk.

Analyst Insight

A smart investor would view this significant institutional stake by Dimensional Fund Advisors LP as a potential positive signal, suggesting a deeper dive into PBF Energy Inc.'s fundamentals and future prospects, as large institutional holdings often imply confidence in the company's long-term value.

Key Numbers

7,244,600 — Shares Beneficially Owned (Represents the total number of PBF Energy Inc. shares held by Dimensional Fund Advisors LP.)
December 29, 2023 — Event Date (The specific date that triggered the requirement for Dimensional Fund Advisors LP to file this SC 13G.)

Key Players & Entities

Dimensional Fund Advisors LP (company) — reporting person and beneficial owner
PBF Energy Inc. (company) — subject company (issuer)
7,244,600 (dollar_amount) — shares beneficially owned
December 29, 2023 (person) — date of event requiring filing
Delaware (company) — place of organization for Dimensional Fund Advisors LP

Forward-Looking Statements

PBF Energy Inc. stock may experience increased stability due to significant institutional ownership. (PBF Energy Inc.) — medium confidence, target: Next 6-12 months

FAQ

Who is the reporting person in this SC 13G filing?

The reporting person in this SC 13G filing is Dimensional Fund Advisors LP, a Delaware Limited Partnership, as stated in item 1 of the cover page and the 'FILED BY' section.

What is the subject company whose shares are being reported?

The subject company is PBF Energy Inc., as identified in the 'SUBJECT COMPANY' section and the 'Name of Issuer' on the cover page.

How many shares of PBF Energy Inc. Common Stock does Dimensional Fund Advisors LP beneficially own?

Dimensional Fund Advisors LP beneficially owns 7,244,600 shares of PBF Energy Inc. Common Stock, as indicated in item 5 of the cover page under 'SOLE VOTING POWER'.

What was the date of the event that required this SC 13G filing?

The date of the event which required the filing of this statement was December 29, 2023, as specified on the cover page of the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0000354204-24-003029.txt : 20240209 0000354204-24-003029.hdr.sgml : 20240209 20240209095903 ACCESSION NUMBER: 0000354204-24-003029 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PBF Energy Inc. CENTRAL INDEX KEY: 0001534504 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-87137 FILM NUMBER: 24612271 BUSINESS ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-455-7500 MAIL ADDRESS: STREET 1: 1 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * PBF Energy Inc (Name of Issuer) Common Stock (Title of Class of Securities) 69318G106 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 69318G106 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 7,244,600 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 7,381,408 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,381,408 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.0% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer PBF Energy Inc (b) Address of Issuer's Principal Executive Offices 1 Sylvan Way, 2nd Floor, Parsippany, NJ 07054 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 69318G106 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Sectio