PBF Energy (NYSE:PBF) has tumbled 4.77% during the past week and has dropped 13.19% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.63%. PBF Energy (NYSE:PBF) has underperformed the index by 13.98% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
PBF Energy (NYSE:PBF): The stock opened at $24.26 on Friday but the bulls could not build on the opening and the stock topped out at $24.60 for the day. The stock traded down to $23.96 during the day, due to lack of any buying support eventually closed down at $24.16 with a loss of -0.04% for the day. The stock had closed at $24.17 on the previous day. The total traded volume was 2,808,292 shares.
The company shares have dropped -16.08% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $41.75 and the one year low was seen on Jun 15, 2016. The 50-Day Moving Average price is $27.55 and the 200 Day Moving Average price is recorded at $31.83.
On the companys insider trading activities, Lucey Matthew C., officer (President) of Pbf Energy Inc. had purchased 10,000 shares on June 1, 2016 in a transaction. The price per share was $27.5 and the total amount of the disclosed transaction was $275,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. JP Morgan maintains their rating on the shares of PBF Energy (NYSE:PBF). The current rating of the shares is Overweight. Equity Analysts at the Firm lowers the price target to $33 per share from $35 per share. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 5.7% of PBF Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 60% . During last six month period, the net percent change held by insiders has seen a change of 60%.
PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity, known as throughput, of approximately 540,000bpd, and a weighted average Nelson Complexity Index of 11.3. PBF Energys three refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The Company operates in two business segments: Refining and Logistics. The Companys three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX operates logistical assets , such as crude oil and refined petroleum products terminals, pipelines, and storage facilities, which are aggregated into the Logistics segment.