Pbf Logistics Lp (PBFX) Files Form 4 Insider Buying : Bruce A. Jones Buys 400 Shares

Pbf Logistics Lp (PBFX): Bruce A. Jones , director of Pbf Logistics Lp purchased 400 shares on Jun 29, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $22.75 per share for a total value of $9,100.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 27, 2015, Bruce A. Jones (director) purchased 260 shares at $19.70 per share price.

PBF Logistics LP: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in PBF Logistics LP which led to swings in the share price. The shares opened for trading at $22.67 and hit $23.2425 on the upside , eventually ending the session at $22.97, with a gain of 2.41% or 0.54 points. The heightened volatility saw the trading volume jump to 38,897 shares. The 52-week high of the share price is $24.35 and the company has a market cap of $856 M . The 52-week low of the share price is at $15.39.

PBF Logistics LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.PBF Logistics LP is Initiated by Raymond James to Outperform. The Rating was issued on Apr 21, 2016.

PBF Logistics LP is engaged in the receiving handling and transferring of crude oil and the receipt storage and delivery of crude oil refined products and intermediates. The Company was formed by PBF Energy Inc. (PBF Energy) and its indirect subsidiary PBF Logistics GP LLC to own or lease operate develop and acquire crude oil and refined petroleum products terminals pipelines storage facilities and similar logistics assets. The Company receives handles and transfers crude oil from sources located throughout the United States and Canada and store crude oil refined products and intermediates for PBF Energy in support of its three refineries located in Toledo Ohio Delaware City Delaware and Paulsboro New Jersey. Its assets consist of the DCR Rail Terminal Toledo Truck Terminal the DCR West Rack and the Toledo Storage Facility. The Company’s business consists of two operating segments: terminaling segment and storage segment.

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