PBF Logistics LP (NYSE:PBFX) Director Karen Berriman Davis bought 5,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $19.79 per share, for a total transaction of $98,950.00. Following the completion of the transaction, the director now directly owns 17,732 shares of the company’s stock, valued at $350,916.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Karen Berriman Davis also recently made the following trade(s):
- On Friday, August 16th, Karen Berriman Davis bought 1,500 shares of PBF Logistics stock. The stock was bought at an average cost of $19.64 per share, for a total transaction of $29,460.00.
Shares of NYSE PBFX opened at $20.05 on Friday. PBF Logistics LP has a 1-year low of $19.17 and a 1-year high of $23.69. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.34 and a quick ratio of 1.34. The business’s fifty day moving average price is $20.99 and its two-hundred day moving average price is $21.09. The firm has a market capitalization of $1.26 billion, a PE ratio of 11.02, a P/E/G ratio of 3.29 and a beta of 0.77.
PBF Logistics (NYSE:PBFX) last issued its earnings results on Thursday, August 1st. The pipeline company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. PBF Logistics had a return on equity of 50.22% and a net margin of 25.63%. The firm had revenue of $82.75 million for the quarter, compared to analyst estimates of $82.73 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts expect that PBF Logistics LP will post 1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 10.27%. This is a positive change from PBF Logistics’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, August 14th. PBF Logistics’s dividend payout ratio (DPR) is 113.19%.
Several brokerages have weighed in on PBFX. Zacks Investment Research lowered PBF Logistics from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 20th. Wells Fargo & Co set a $25.00 target price on PBF Logistics and gave the stock a “hold” rating in a research report on Monday, August 12th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. increased its holdings in shares of PBF Logistics by 46.6% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,676,166 shares of the pipeline company’s stock valued at $56,574,000 after purchasing an additional 850,500 shares during the period. Invesco Ltd. acquired a new position in shares of PBF Logistics during the second quarter valued at $54,080,000. Cohen & Steers Inc. increased its holdings in shares of PBF Logistics by 975.0% during the second quarter. Cohen & Steers Inc. now owns 998,432 shares of the pipeline company’s stock valued at $21,107,000 after purchasing an additional 905,557 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of PBF Logistics by 17.1% during the second quarter. JPMorgan Chase & Co. now owns 837,901 shares of the pipeline company’s stock valued at $17,638,000 after purchasing an additional 122,303 shares during the period. Finally, UBS Group AG increased its holdings in shares of PBF Logistics by 6.7% during the second quarter. UBS Group AG now owns 704,058 shares of the pipeline company’s stock valued at $14,884,000 after purchasing an additional 44,057 shares during the period. 24.55% of the stock is currently owned by institutional investors.
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 two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.
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