PBF Logistics LP (NYSE:PBFX) has received an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $24.00.
Several equities research analysts have recently weighed in on PBFX shares. BidaskClub raised shares of PBF Logistics from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of PBF Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
Shares of PBF Logistics (NYSE PBFX) traded down $0.25 during mid-day trading on Friday, hitting $19.25. 72,400 shares of the stock were exchanged, compared to its average volume of 97,148. PBF Logistics has a fifty-two week low of $17.45 and a fifty-two week high of $22.70. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $816.95, a P/E ratio of 8.71, a PEG ratio of 2.17 and a beta of 1.26.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. PBF Logistics had a net margin of 38.76% and a return on equity of 64.05%. The firm had revenue of $65.50 million for the quarter, compared to the consensus estimate of $64.60 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. equities analysts forecast that PBF Logistics will post 2.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.97%. This is a positive change from PBF Logistics’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 10th. PBF Logistics’s payout ratio is presently 85.71%.
Hedge funds have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. bought a new stake in shares of PBF Logistics during the 3rd quarter worth about $206,000. GSA Capital Partners LLP raised its position in shares of PBF Logistics by 9.1% during the 2nd quarter. GSA Capital Partners LLP now owns 13,314 shares of the pipeline company’s stock worth $260,000 after buying an additional 1,114 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of PBF Logistics during the 3rd quarter worth about $468,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of PBF Logistics by 11.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 24,900 shares of the pipeline company’s stock worth $486,000 after buying an additional 2,600 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new stake in shares of PBF Logistics during the 3rd quarter worth about $793,000. Institutional investors own 41.34% of the company’s stock.
PBF Logistics Company Profile
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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