PBF Logistics (NYSE:PBFX)‘s stock had its “hold” rating reissued by analysts at Wells Fargo & Co in a research report issued on Friday, AnalystRatings.com reports.
Separately, Zacks Investment Research upgraded PBF Logistics from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Saturday, October 26th.
NYSE:PBFX opened at $20.36 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 7.48. The stock has a market capitalization of $1.26 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. The firm’s 50 day moving average is $20.93 and its 200 day moving average is $20.82. PBF Logistics has a 12 month low of $19.17 and a 12 month high of $23.69.
PBF Logistics (NYSE:PBFX) last posted its quarterly earnings data on Thursday, October 31st. The pipeline company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. PBF Logistics had a return on equity of 65.51% and a net margin of 28.14%. The business had revenue of $86.40 million for the quarter, compared to the consensus estimate of $85.61 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. PBF Logistics’s revenue for the quarter was up 22.4% on a year-over-year basis. Research analysts predict that PBF Logistics will post 1.69 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in PBFX. Royal Bank of Canada increased its stake in shares of PBF Logistics by 21.4% in the second quarter. Royal Bank of Canada now owns 3,966 shares of the pipeline company’s stock worth $84,000 after purchasing an additional 700 shares in the last quarter. Arrow Investment Advisors LLC lifted its stake in shares of PBF Logistics by 7.7% during the 3rd quarter. Arrow Investment Advisors LLC now owns 20,532 shares of the pipeline company’s stock valued at $434,000 after buying an additional 1,468 shares in the last quarter. Cedar Brook Financial Partners LLC lifted its stake in shares of PBF Logistics by 17.7% during the 2nd quarter. Cedar Brook Financial Partners LLC now owns 15,758 shares of the pipeline company’s stock valued at $333,000 after buying an additional 2,375 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in PBF Logistics by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 122,939 shares of the pipeline company’s stock worth $2,599,000 after buying an additional 2,726 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in PBF Logistics by 51.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 13,900 shares of the pipeline company’s stock worth $294,000 after buying an additional 4,750 shares during the period. Institutional investors and hedge funds own 31.34% of the company’s stock.
About PBF Logistics
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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