Big investors Warren Buffett, Carlos Slim, and Nancy Pelosi made significant stock purchases in June.
While big investors and influential people are not immune to making mistakes or suffering losses, they are certainly better informed than most retail investors. Additionally, Carlos Slim's investment firm, Control Empresarial de Capitales, recently invested in PBF Energy, demonstrating confidence in the company. The firm believes that with the AI industry's growing electricity needs, energy companies are poised to benefit. Specifically, Slim increased his stake in the company with purchases totaling over $14 million on June 27 and 28, acquiring shares at prices ranging from $45.066 to $45.7394.
The stock is currently trading at 16.6 times forward earnings, which is below its own five-year average of 31.87 times.It features 21 ratings, of which seven are buy, 14 are hold, and none are sell.
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