PBF Energy director Thomas Nimbley sells $12.3m in stock

PBF Energy's director, Thomas Nimbley, sold $12.3 million worth of the company's Class A Common Stock on August 14, 2026. Nimbley exchanged 169,925 shares at a price of $72.647 per share, totaling a sale value of $12,344,541. This transaction occurred following the exercise of employee stock options, which Mr. Nimbley had acquired earlier.

Prior to this sale, he purchased the same number of shares at $13.91 per share, amounting to $2,363,656. These options were fully vested and originally granted on November 18, 2021. After these transactions, Nimbley now holds 793,737 shares of PBF Energy Class A Common Stock. The stock is currently valued at a P/E ratio of 6.48, which is considered undervalued by InvestingPro analysis, providing comprehensive insights such as Fair Value estimates and detailed Pro Research Reports for PBF and over 1,400 US equities.

PBF Energy reported strong second-quarter fiscal 2026 results, far exceeding earnings estimates, with adjusted earnings of $6.22 per share and revenue of $11.68 billion. UBS has maintained its Buy rating for PBF Energy, with a price target of $84, while Freedom Broker has downgraded the stock to Sell due to geopolitical concerns. The company has also reduced its net debt by over $1.4 billion during the quarter.