5 Best Long Term Growth Stocks To Invest In

Page 1 of 5

In this article, we will be taking a look at the 5 best long term growth stocks to invest in. To read our detailed analysis of these stocks and growth investing, you can go directly to see the 10 Best Long Term Growth Stocks To Invest In.

5. PBF Energy Inc. (NYSE:PBF)

Number of Hedge Fund Holders: 31

PBF Energy Inc. (NYSE:PBF) is an energy company based in New Jersey. The company refines and supplies petroleum products.

On October 6, Ryan Todd at Piper Sandler raised his price target on PBF Energy Inc. (NYSE:PBF) shares from $49 to $53. The analyst also reiterated an Overweight rating on the stock.

This October, PBF Energy Inc. (NYSE:PBF) reported third-quarter gross petroleum refining margin of $24.96 per barrel of throughput. This figure is more than double the figure reported a year ago, which was $9.32. The company has been profiting from strong customer demand for its products and higher gross margins so far this year.

There were 31 hedge funds long PBF Energy Inc. (NYSE:PBF) in the second quarter, with a total stake value of $494.2 million.

Page 1 of 5