Published On: Fri, Nov 14th, 2014

Seth Klarman Increases Position in PBF Energy

 

Seth Klarman Getty 640x360, who manages Baupost group, increased his stake in PBF Energy by 54.83%, according to gurufocus. His shares in the refiner and supplier of petroleum products grew from 3, 067, 828 to 8, 663, 114. He has been purchasing shares of the PBF Energy since the third quarter 2013.

The stock has declined 4% in the recent months, but it is seeing improvement in gross margins and has boosted its yield and stock buyback program. PBF Energy yields 4.5%

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