Spark Investment Management LLC Upped Position in Pbf Energy INC (PBF) by $3.72 Million as Share Price Rose

July 14, 2018 - By Vernon Rice

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. Private Management Group Inc has 1.56% invested in PBF Energy Inc. (NYSE:PBF) for 861,346 shares. Shell Asset Mngmt holds 0.01% or 13,351 shares. Picton Mahoney Asset holds 0.31% or 127,800 shares. Spark Investment Limited Liability Co owns 791,402 shares. Automobile Association has invested 0.01% of its portfolio in PBF Energy Inc. (NYSE:PBF). Parkside Bank has invested 0% in PBF Energy Inc. (NYSE:PBF). Pub Employees Retirement System Of Ohio has 63,296 shares. 11,297 were accumulated by Cadence Mgmt Ltd Liability Com. Millennium Management Ltd Llc has 775,399 shares. 778,555 were accumulated by Ameriprise. Illinois-based Ubs Asset Mngmt Americas has invested 0% in PBF Energy Inc. (NYSE:PBF). Asset Mngmt owns 7,350 shares. The Georgia-based Voya Invest Mgmt has invested 0.01% in PBF Energy Inc. (NYSE:PBF). State Street has 0.01% invested in PBF Energy Inc. (NYSE:PBF) for 4.39M shares. New Jersey-based Financial Architects has invested 0% in PBF Energy Inc. (NYSE:PBF).

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 $26.83 million, 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 $4.90 billion market cap company. The stock increased 0.66% or $0.28 during the last trading session, reaching $42.43. About 944,512 shares traded. PBF Energy Inc. (NYSE:PBF) has risen 118.47% since July 14, 2017 and is uptrending. It has outperformed by 105.90% the S&P500.

Spark Investment Management Llc, which manages about $1.26 billion and $1.57 billion US Long portfolio, decreased its stake in Rmr Group Inc by 47,700 shares to 10,200 shares, valued at $713,000 in 2018Q1, according to the filing. It also reduced its holding in Formfactor Inc (NASDAQ:FORM) by 262,887 shares in the quarter, leaving it with 158,597 shares, and cut its stake in Qorvo Inc.

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 11 analysts covering PBF Energy (NYSE:PBF), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. PBF Energy has $63 highest and $32.0 lowest target. $40.43’s average target is -4.71% below currents $42.43 stock price. PBF Energy had 13 analyst reports since January 21, 2018 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $63 target in Tuesday, May 29 report. The firm has “Hold” rating given on Thursday, February 15 by RBC Capital Markets. The rating was maintained by Piper Jaffray on Sunday, January 21 with “Hold”. The firm has “Market Perform” rating by Cowen & Co given on Friday, February 16. The rating was downgraded by Scotia Capital to “Hold” on Wednesday, April 11. The firm earned “Neutral” rating on Wednesday, April 18 by Citigroup. JP Morgan maintained PBF Energy Inc. (NYSE:PBF) on Monday, April 9 with “Underweight” rating. Howard Weil downgraded the shares of PBF in report on Wednesday, April 11 to “Sector Perform” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, January 24. Morgan Stanley maintained the shares of PBF in report on Monday, April 16 with “Underweight” rating.

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

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