Sumitomo Mitsui Trust Holdings Inc. continued to hold its stake in shares of PBF Logistics LP (NYSE:PBFX) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the pipeline company’s stock at the end of the first quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in PBF Logistics were worth $431,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of PBFX. UBS Group AG raised its stake in shares of PBF Logistics by 34.9% in the third quarter. UBS Group AG now owns 499,642 shares of the pipeline company’s stock worth $9,903,000 after buying an additional 129,352 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of PBF Logistics by 8.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,843 shares of the pipeline company’s stock worth $2,836,000 after buying an additional 12,161 shares during the period. Renaissance Technologies LLC raised its stake in shares of PBF Logistics by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 149,332 shares of the pipeline company’s stock worth $2,718,000 after buying an additional 23,332 shares during the period. Hollencrest Securities LLC bought a new stake in shares of PBF Logistics during the first quarter worth about $1,075,000. Finally, Bank of Montreal Can bought a new stake in shares of PBF Logistics during the first quarter worth about $539,000. Institutional investors and hedge funds own 72.18% of the company’s stock.
Shares of PBF Logistics LP (NYSE PBFX) opened at 19.30 on Friday. The firm has a market cap of $807.78 million, a price-to-earnings ratio of 9.05 and a beta of 1.33. PBF Logistics LP has a 1-year low of $17.45 and a 1-year high of $23.27. The company’s 50-day moving average is $20.00 and its 200 day moving average is $20.10.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings data on Thursday, May 4th. The pipeline company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $60.50 million for the quarter, compared to the consensus estimate of $58.23 million. PBF Logistics had a return on equity of 112.48% and a net margin of 40.93%. PBF Logistics’s revenue was up 65.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts expect that PBF Logistics LP will post $2.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.53%. This is an increase from PBF Logistics’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, May 12th. PBF Logistics’s dividend payout ratio (DPR) is presently 77.31%.
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A number of equities research analysts have recently issued reports on PBFX shares. Credit Suisse Group set a $24.00 target price on shares of PBF Logistics and gave the company a “hold” rating in a research note on Monday, February 20th. Zacks Investment Research lowered shares of PBF Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. TheStreet upgraded shares of PBF Logistics from a “d” rating to a “c” rating in a research note on Tuesday, May 30th. Finally, ValuEngine lowered shares of PBF Logistics from a “buy” rating to a “hold” rating in a research note on Friday.
About PBF Logistics
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.
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