PBF Logistics LP (NYSE:PBFX) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.00.
Separately, Zacks Investment Research cut PBF Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th.
Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in shares of PBF Logistics by 4.0% in the third quarter. Wells Fargo & Company MN now owns 85,529 shares of the pipeline company’s stock valued at $1,796,000 after buying an additional 3,319 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of PBF Logistics by 1.5% in the fourth quarter. Global X Management Co. LLC now owns 400,732 shares of the pipeline company’s stock valued at $8,395,000 after buying an additional 6,045 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of PBF Logistics in the third quarter valued at $206,000. Renaissance Technologies LLC grew its stake in shares of PBF Logistics by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 234,915 shares of the pipeline company’s stock valued at $4,921,000 after buying an additional 13,127 shares in the last quarter. Finally, Institutional & Family Asset Management LLC acquired a new stake in shares of PBF Logistics in the third quarter valued at $299,000. 35.35% of the stock is owned by institutional investors.
PBF Logistics (NYSE:PBFX) opened at $19.40 on Friday. PBF Logistics has a 1 year low of $18.55 and a 1 year high of $22.30. The company has a market capitalization of $840.11, a P/E ratio of 8.94, a P/E/G ratio of 2.41 and a beta of 1.16. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.15 and a current ratio of 2.15.
PBF Logistics (NYSE:PBFX) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.09). PBF Logistics had a return on equity of 60.45% and a net margin of 36.52%. The company had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $66.81 million. During the same quarter in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. analysts forecast that PBF Logistics will post 2.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.485 per share. This is a boost from PBF Logistics’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.94 annualized dividend and a yield of 10.00%. PBF Logistics’s dividend payout ratio (DPR) is 89.40%.
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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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