Pbf Energy Inc. (PBF) Files Form 4 Insider Buying : Thomas J. Nimbley Buys 50,000 Shares

Pbf Energy Inc. (PBF): Thomas J. Nimbley , CEO of Pbf Energy Inc. purchased 50,000 shares on Jun 1, 2016. The Insider buying transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $27.40 per share for a total value of $1,370,000.00 , the company said in a SEC Form 4 Filing.

PBF Energy Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in PBF Energy Inc which led to swings in the share price. The shares opened for trading at $26.28 and hit $27.585 on the upside , eventually ending the session at $27.55, with a gain of 4.47% or 1.18 points. The heightened volatility saw the trading volume jump to 16,03,087 shares. The 52-week high of the share price is $41.75 and the company has a market cap of $2,695 M . The 52-week low of the share price is at $25.58.

PBF Energy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PBF Energy Inc is Initiated by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $33. The Rating was issued on Apr 12, 2016.PBF Energy Inc is Initiated by JP Morgan to Overweight. The Rating was issued on Apr 8, 2016.

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 540000bpd and a weighted average Nelson Complexity Index of 11.3. PBF Energy’s 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 Company’s 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.

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