Is PBF Energy Inc (NYSE:PBF) worth your attention right now? Investors who are in the know are in a bullish mood. The number of bullish hedge fund positions inched up by 18 in recent months.
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With these “truths” under our belt, it’s important to take a gander at the latest action surrounding PBF Energy Inc (NYSE:PBF).
Hedge fund activity in PBF Energy Inc (NYSE:PBF)
Of the funds we track, Select Equity Group, managed by Robert Joseph Caruso, holds the most valuable position in PBF Energy Inc (NYSE:PBF). Select Equity Group has a $35 million position in the stock, comprising 0.5% of its 13F portfolio. Sitting at the No. 2 spot is Highfields Capital Management, managed by Jonathon Jacobson, which held a $17 million position; 0.5% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish include Alan Fournier’s Pennant Capital Management, Ken Griffin’s Citadel Investment Group and Malcolm Fairbairn’s Ascend Capital.
Now, some big names have jumped into PBF Energy Inc (NYSE:PBF) headfirst. Select Equity Group, managed by Robert Joseph Caruso, initiated the most valuable position in PBF Energy Inc (NYSE:PBF). Select Equity Group had 35 million invested in the company at the end of the quarter. Jonathon Jacobson’s Highfields Capital Management also initiated a $17 million position during the quarter. The other funds with new positions in the stock are Alan Fournier’s Pennant Capital Management, Ken Griffin’s Citadel Investment Group, and Malcolm Fairbairn’s Ascend Capital.
What do corporate executives and insiders think about PBF Energy Inc (NYSE:PBF)?
Insider trading activity, especially when it’s bullish, is best served when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, PBF Energy Inc (NYSE:PBF) has experienced 1 unique insiders buying, and zero insider sales (see the details of insider trades here).
With the returns demonstrated by Insider Monkey’s research, everyday investors should always monitor hedge fund and insider trading sentiment, and PBF Energy Inc (NYSE:PBF) applies perfectly to this mantra.
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