Large Inflow of Money Detected in PBF Logistics LP

PBF Logistics LP (PBFX) : Tuesdays money flow indicated an uptick to downtick ratio was at 12.29. The total value of inflow transactions on upticks was $3.34 million, whereas, the total value of outflow trades on downticks was $0.27 million. The total money flow was $3.07 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.02 million. The total value of the trades done on upticks was $3.02 million. PBF Logistics LP (PBFX) was trading with a -0.7% change over previous days close. It fell $0.14 during the day and reached $20. The stock was -0.5% compared to the previous weeks close.


Shares of PBF Logistics LP appreciated by 0.1% during the last five trading days but lost 6.11% on a 4-week basis. PBF Logistics LP has dropped 7.3% during the last 3-month period . Year-to-Date the stock performance stands at 0.29%.

PBF Logistics LP (NYSE:PBFX): The stock opened at $20.20 on Tuesday but the bulls could not build on the opening and the stock topped out at $20.30 for the day. The stock traded down to $19.81 during the day, due to lack of any buying support eventually closed down at $20.11 with a loss of -0.15% for the day. The stock had closed at $20.14 on the previous day. The total traded volume was 340,622 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of PBF Logistics LP, Jones Bruce A. had purchased shares worth of $9,100 in a transaction dated on June 29, 2016. A total of 400 shares were purchased at a price of $22.75 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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 Companys business consists of two operating segments: terminaling segment and storage segment.

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