5 Best Oil Refinery Stocks To Buy

4. PBF Energy Inc. (NYSE:PBF)

Number of Hedge Fund Investors in Q2 2023: 32

PBF Energy Inc. (NYSE:PBF) produces refined oil products such as gasoline and jet fuel. Like other oil refining companies, its net income also dropped annually during the third quarter of 2023.

During the previous quarter, 32 out of the 910 hedge funds profiled by Insider Monkey had invested in PBF Energy Inc. (NYSE:PBF). Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the biggest shareholder out of these due to its $124 million investment.

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