PBF Energy director Thomas Nimbley sells $12.3m in stock

PBF Energy Inc. (NYSE:PBF) director Thomas J. Nimbley sold approximately $12.3 million worth of Class A Common Stock on August 14, 2026, following the exercise of employee stock options. Nimbley disposed of 169,925 shares at a price of $72.647 per share, totaling $12,344,541. This sale occurred as PBF shares approached a 52-week high of $75.68, having delivered a remarkable 231% return over the past year.

Prior to this, Nimbley acquired the same number of shares through options, originally granted in November 2021, at a price of $13.91 per share, resulting in a total cost of $2,363,656. Following the sale, Nimbley now holds 793,737 shares of PBF Energy Class A Common Stock. The company's stock is currently valued at a P/E ratio of 6.48 and is deemed undervalued according to InvestingPro analysis.

PBF Energy reported impressive second-quarter fiscal 2026 results, surpassing earnings estimates with adjusted earnings of $6.22 per share and revenue of $11.68 billion. Analysts have mixed views on the company's future, with UBS maintaining a Buy rating and Freedom Broker downgrading to Sell.

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