BP Capital Fund Advisors LLC trimmed its position in shares of PBF Logistics (NYSE:PBFX) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,643 shares of the pipeline company’s stock after selling 3,858 shares during the period. BP Capital Fund Advisors LLC owned about 0.35% of PBF Logistics worth $2,724,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of PBF Logistics by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,150,472 shares of the pipeline company’s stock valued at $45,052,000 after acquiring an additional 62,739 shares during the last quarter. Green Square Capital LLC bought a new position in shares of PBF Logistics during the fourth quarter valued at about $2,334,000. Spirit of America Management Corp NY bought a new position in shares of PBF Logistics during the fourth quarter valued at about $765,000. Renaissance Technologies LLC raised its stake in PBF Logistics by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 234,915 shares of the pipeline company’s stock worth $4,921,000 after buying an additional 13,127 shares in the last quarter. Finally, Raymond James & Associates bought a new position in PBF Logistics in the fourth quarter worth about $539,000. 35.29% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of PBF Logistics from a “hold” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine downgraded shares of PBF Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Citigroup decreased their price target on shares of PBF Logistics from $25.00 to $22.50 and set a “buy” rating for the company in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.
PBF Logistics opened at $20.25 on Friday, MarketBeat reports. PBF Logistics has a 1 year low of $20.25 and a 1 year high of $20.35. The stock has a market capitalization of $841.68 million, a P/E ratio of 9.33, a P/E/G ratio of 2.73 and a beta of 1.17. The company has a quick ratio of 2.15, a current ratio of 1.81 and a debt-to-equity ratio of 3.48.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, May 3rd. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). PBF Logistics had a return on equity of 56.03% and a net margin of 33.57%. The company had revenue of $64.00 million during the quarter, compared to the consensus estimate of $67.75 million. During the same period in the previous year, the company earned $0.55 earnings per share. PBF Logistics’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts anticipate that PBF Logistics will post 1.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th will be paid a $0.49 dividend. This is an increase from PBF Logistics’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date of this dividend is Monday, May 14th. PBF Logistics’s dividend payout ratio is presently 89.40%.
PBF Logistics Company Profile
PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.
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