Pbf Energy INC (PBF) Holder Spark Investment Management LLC Has Raised Position

July 27, 2018 - By Billy Entrekin

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.63, from 1.49 in 2017Q4. It fall, as 40 investors sold PBF shares while 98 reduced holdings. 47 funds opened positions while 72 raised stakes. 104.33 million shares or 3.19% less from 107.76 million shares in 2017Q4 were reported. Kemnay Advisory Services accumulated 37,529 shares. Hotchkis And Wiley Cap Mngmt Ltd Liability has 0.09% invested in PBF Energy Inc. (NYSE:PBF). Oberweis Asset stated it has 13,060 shares. Private Management Group Incorporated, California-based fund reported 861,346 shares. Indexiq Advsrs Ltd Liability Corporation stated it has 0.06% of its portfolio in PBF Energy Inc. (NYSE:PBF). Kempen Cap Mngmt Nv reported 402,770 shares. Vanguard Gru invested in 11.23M shares. Bnp Paribas Asset Mngmt Hldg Sa accumulated 26,646 shares. Tci Wealth Advisors Inc reported 0% of its portfolio in PBF Energy Inc. (NYSE:PBF). 183,951 are owned by Jacobs Levy Equity Incorporated. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt holds 0.03% in PBF Energy Inc. (NYSE:PBF) or 82,200 shares. Sg Americas Lc owns 39,813 shares or 0.01% of their US portfolio. Jane Street Grp holds 0% or 18,622 shares in its portfolio. Sei Co invested in 29,439 shares or 0% of the stock. West Oak Cap Ltd stated it has 683 shares or 0% of all its holdings.

Spark Investment Management Llc increased its stake in Pbf Energy Inc (PBF) by 16.62% based on its latest 2018Q1 regulatory filing with the SEC. Spark Investment Management Llc bought 112,802 shares as the company’s stock rose 41.61% while stock markets declined. The hedge fund held 791,402 shares of the integrated oil company at the end of 2018Q1, valued at $26.83M, up from 678,600 at the end of the previous reported quarter. Spark Investment Management Llc who had been investing in Pbf Energy Inc for a number of months, seems to be bullish on the $5.35 billion market cap company. The stock increased 6.31% or $2.75 during the last trading session, reaching $46.34. About 2.01M shares traded. PBF Energy Inc. (NYSE:PBF) has risen 118.47% since July 27, 2017 and is uptrending. It has outperformed by 105.90% the S&P500.

Spark Investment Management Llc, which manages about $1.26B and $1.57 billion US Long portfolio, decreased its stake in Boise Cascade Co Del (NYSE:BCC) by 103,900 shares to 262,700 shares, valued at $10.14M in 2018Q1, according to the filing. It also reduced its holding in Rmr Group Inc by 47,700 shares in the quarter, leaving it with 10,200 shares, and cut its stake in Liberty Expedia Holdings.

Another recent and important PBF Energy Inc. (NYSE:PBF) news was published by Seekingalpha.com which published an article titled: “Refiners: Not All Crack Spreads Are Created Equal” on July 03, 2018.

PBF Energy Inc. (NYSE:PBF) Ratings Coverage

Among 10 analysts covering PBF Energy (NYSE:PBF), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. PBF Energy has $63 highest and $32.0 lowest target. $41.17’s average target is -11.16% below currents $46.34 stock price. PBF Energy had 11 analyst reports since January 30, 2018 according to SRatingsIntel. As per Tuesday, May 29, the company rating was maintained by Wells Fargo. Citigroup downgraded the shares of PBF in report on Wednesday, April 18 to “Neutral” rating. The rating was downgraded by Cowen & Co to “Market Perform” on Friday, February 16. JP Morgan maintained it with “Underweight” rating and $35 target in Monday, April 9 report. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets. Howard Weil downgraded the shares of PBF in report on Wednesday, April 11 to “Sector Perform” rating. The rating was upgraded by Raymond James on Monday, June 4 to “Outperform”. RBC Capital Markets maintained the shares of PBF in report on Thursday, February 15 with “Hold” rating. The stock of PBF Energy Inc. (NYSE:PBF) earned “Hold” rating by Scotia Capital on Wednesday, April 11. Morgan Stanley maintained PBF Energy Inc. (NYSE:PBF) on Monday, April 16 with “Underweight” rating.

PBF Energy Inc. (NYSE:PBF) Institutional Positions Chart

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