5 Best Under-The-Radar Stocks To Buy According To Hedge Funds

3. PBF Energy Inc. (NYSE:PBF)

Number of Hedge Fund Holders: 32

PBF Energy Inc. (NYSE:PBF) is a petroleum refinery company and a supplier of unbranded transportation fuels, heating oils, lubricants and petrochemical feedstocks. PBF Energy Inc. (NYSE:PBF) is one of the biggest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the US.

A total of 32 hedge funds tracked by Insider Monkey reported having stakes in PBF Energy Inc. (NYSE:PBF). The total value of these stakes was $509 million. Several notable hedge funds have stakes in the company. These funds include billionaire Izzy Englander’s Millennium Management ($82 million stake), Ken Griffin’s Citadel Investment Group ($82 million stake) and Peter Rathjens’ Arrowstreet Capital ($73 million stake).

In December, PBF stock gained after the company’s board authorized the repurchase of up to $500 million of its class A stock, sending its shares 7.3% higher.