NYSE:PBFXPBF Logistics Stock Price, Forecast & News

PBF Logistics' stock was trading at $11.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PBFX shares have decreased by 5.5% and is now trading at $10.40. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PBF Logistics in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for PBF Logistics.

PBF Logistics is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for PBF Logistics.

PBF Logistics LP (NYSE:PBFX) announced its earnings results on Friday, May, 15th. The pipeline company reported $0.59 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.11. The pipeline company earned $93.03 million during the quarter, compared to analyst estimates of $88.82 million. PBF Logistics had a net margin of 33.22% and a return on equity of 113.76%. View PBF Logistics' earnings history.

PBF Logistics declared a quarterly dividend on Monday, May 18th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.30 per share on Wednesday, June 17th. This represents a $1.20 annualized dividend and a dividend yield of 11.54%. The ex-dividend date of this dividend is Tuesday, May 26th. View PBF Logistics' dividend history.

4 analysts have issued 1-year price targets for PBF Logistics' stock. Their forecasts range from $10.00 to $13.50. On average, they expect PBF Logistics' share price to reach $12.17 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price. View analysts' price targets for PBF Logistics.

Media coverage about PBFX stock has been trending negative on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. PBF Logistics earned a daily sentiment score of -2.6 on InfoTrie's scale. They also assigned media headlines about the pipeline company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutPBF Logistics.

PBF Logistics saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 157,500 shares, a decline of 5.5% from the April 30th total of 166,600 shares. Based on an average trading volume of 465,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.7% of the company's stock are sold short. View PBF Logistics' Current Options Chain.

Some companies that are related to PBF Logistics include NuStar Energy (NS), Plains GP (PAGP), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and Blueknight Energy Partners (BKEP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other PBF Logistics investors own include Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AT&T (T), NGL Energy Partners (NGL), Omega Healthcare Investors (OHI), ANNALY CAP MGMT/SH (NLY), Ares Capital (ARCC), GasLog Partners LP Unit (GLOP), Hoegh LNG Partners (HMLP) and Mplx (MPLX).

PBF Logistics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBFX."

PBF Logistics' stock is owned by many different retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.92%), Tortoise Capital Advisors L.L.C. (2.99%), Morgan Stanley (2.17%), Morgan Stanley (2.16%), JPMorgan Chase & Co. (1.52%) and UBS Group AG (1.14%). Company insiders that own PBF Logistics stock include Bruce A Jones, Carso SA De CV Inversora, David Roush and Karen Berriman Davis. View institutional ownership trends for PBF Logistics.

PBFX stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Clearbridge Investments LLC, UBS Group AG, GSA Capital Partners LLP, M&T Bank Corp, Citigroup Inc., and First Trust Advisors LP. View insider buying and selling activity for PBF Logistics.

PBFX stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Harvest Fund Advisors LLC, Wells Fargo & Company MN, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, JPMorgan Chase & Co., Avalon Investment & Advisory, and Vident Investment Advisory LLC. Company insiders that have bought PBF Logistics stock in the last two years include Bruce A Jones, Carso SA De CV Inversora, David Roush, and Karen Berriman Davis. View insider buying and selling activity for PBF Logistics.

Shares of PBFX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PBFX stock can currently be purchased for approximately $10.40.

PBF Logistics has a market capitalization of $648.44 million and generates $340.21 million in revenue each year. The pipeline company earns $100.29 million in net income (profit) each year or $1.99 on an earnings per share basis. PBF Logistics employs 82 workers across the globe.

The official website for PBF Logistics is www.pbflogistics.com.

PBF Logistics' mailing address is ONE SYLVAN WAY SECOND FLOOR, PARSIPPANY NJ, 07054. The pipeline company can be reached via phone at 973-455-7500 or via email at [email protected]