NYSE:PBFX

PBF Logistics - PBFX Stock Forecast, Price & News

$18.89

-0.15 (-0.79%)

(As of 08/19/2022 01:57 PM ET)

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Today's Range: $18.88
▼
$19.04
50-Day Range: $13.11
▼
$19.04
52-Week Range: $10.65
▼
$19.04

Volume: 3,718 shs
Average Volume: 449,604 shs
Market Capitalization: $1.19 billion

P/E Ratio: 7.71
Dividend Yield: 6.46%
Price Target: $15.50

PBF Logistics MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 18.4% Downside
$15.50 Price Target
Short Interest: Healthy
3.35% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$231,250 Sold Last Quarter
Proj. Earnings Growth: 1.24%
From $2.42 to $2.45 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Oils/Energy Sector

129th out of 254 stocks

Pipelines, Except Natural Gas Industry

5th out of 13 stocks

1.3

Analyst's Opinion

Consensus Rating
PBF Logistics has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.50, PBF Logistics has a forecasted downside of 18.4% from its current price of $19.00.
Amount of Analyst Coverage
PBF Logistics has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.35% of the float of PBF Logistics has been sold short.
Short Interest Ratio / Days to Cover
PBF Logistics has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PBF Logistics has recently decreased by 1.68%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
PBF Logistics is a leading dividend payer. It pays a dividend yield of 6.46%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PBF Logistics does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PBF Logistics is 48.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PBF Logistics will have a dividend payout ratio of 48.98% next year. This indicates that PBF Logistics will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PBFX.

3.7

News and Social Media Coverage

News Sentiment
PBF Logistics has a news sentiment score of 1.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
Search Interest
12 people have searched for PBFX on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
3 people have added PBF Logistics to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PBF Logistics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $231,250.00 in company stock.
Percentage Held by Insiders
Only 0.90% of the stock of PBF Logistics is held by insiders.
Percentage Held by Institutions
Only 33.56% of the stock of PBF Logistics is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for PBF Logistics are expected to grow by 1.24% in the coming year, from $2.42 to $2.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PBF Logistics is 7.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of PBF Logistics is 7.76, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 38.54.
Price to Book Value per Share Ratio
PBF Logistics has a P/B Ratio of 4.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PBF Logistics (NYSE:PBFX) Stock

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 in two segments, Transportation and Terminaling; and Storage. The company's assets include the 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; and the Toledo storage facility, which includes a propane storage and loading facility. Its assets also comprise 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; the Toledo rail products facility, a loading and unloading rail facility; the Chalmette truck rack, a truck loading rack facility; the Chalmette rosin yard, a rail yard facility; the Paulsboro lube oil terminal, a lube oil terminal facility; and the Delaware ethanol storage facility, an ethanol storage facility. In addition, the company is involved in receiving, handling, storing, and transferring crude oil, refined products, natural gas, and intermediates. PBF Logistics LP was founded in 2012 and is headquartered in Parsippany, New Jersey.

PBF Logistics Stock Performance

Shares of NYSE:PBFX opened at $19.04 on Friday. The company's 50 day moving average price is $16.42 and its two-hundred day moving average price is $15.27. PBF Logistics has a 12-month low of $10.65 and a 12-month high of $19.04. The firm has a market cap of $1.19 billion, a PE ratio of 7.77 and a beta of 1.37. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.92.

PBF Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 6.30%. PBF Logistics's dividend payout ratio is 48.98%.

Insider Activity at PBF Logistics

In other news, insider Control Empresarial De Capital sold 12,500 shares of the firm's stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $18.50, for a total transaction of $231,250.00. Following the completion of the transaction, the insider now owns 7,282,592 shares of the company's stock, valued at $134,727,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

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PBFX Stock News Headlines

August 11, 2022 | finance.yahoo.com

Will PBF Logistics LP (PBFX) Gain on Rising Earnings Estimates?

August 9, 2022 | benzinga.com

Investor Alert - The M&A Class Action Firm Announces the Investigation of PBF Logistics LP - PBFX

August 8, 2022 | americanbankingnews.com

PBF Logistics LP (PBFX) To Go Ex-Dividend on August 10th

August 3, 2022 | finance.yahoo.com

Here's Why PBF Logistics LP (PBFX) is a Great Momentum Stock to Buy

August 3, 2022 | americanbankingnews.com

Control Empresarial De Capital Sells 12,500 Shares of PBF Logistics LP (NYSE:PBFX) Stock

July 29, 2022 | finance.yahoo.com

PBF Energy (PBF) Q2 2022 Earnings Call Transcript

July 28, 2022 | benzinga.com

PBF LOGISTICS LP ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of PBFX and Encourages Investors to Contact the Firm

July 28, 2022 | seekingalpha.com

PBF Logistics LP (PBFX) Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | finance.yahoo.com

PBF Energy Announces Agreement to Acquire Remaining Public Stake in PBF Logistics LP

July 26, 2022 | americanbankingnews.com

PBF Logistics (PBFX) Scheduled to Post Earnings on Thursday

June 28, 2022 | seekingalpha.com

Midstream Weekly Recap: The Cleanest Dirty Shirt In The Energy Sector

June 28, 2022 | finance.yahoo.com

PBF Energy to Release Second Quarter 2022 Earnings Results

June 24, 2022 | finance.yahoo.com

Has PBF Logistics (PBFX) Outpaced Other Oils-Energy Stocks This Year?

June 3, 2022 | finance.yahoo.com

PBF Energy to Participate in the Bank of America Energy Credit Conference

May 16, 2022 | seekingalpha.com

PBF Logistics: Why I Can't Stop Buying

May 5, 2022 | uk.finance.yahoo.com

Stock market volatility: Is this mid-cap worth a closer look?

May 5, 2022 | uk.finance.yahoo.com

What's the future for the Pbf Logistics Lp (NYQ:PBFX) share price?

May 3, 2022 | finance.yahoo.com

Is Energy Transfer (ET) Stock Undervalued Right Now?

April 28, 2022 | seekingalpha.com

PBF Logistics LP (PBFX) on Q1 2022 Results - Earnings Call Transcript

April 28, 2022 | finance.yahoo.com

PBF Logistics Declares Quarterly Distribution of $0.30 per Unit and Announces First Quarter 2022 Earnings Results

April 27, 2022 | seekingalpha.com

PBF Logistics Q1 2022 Earnings Preview

February 18, 2022 | benzinga.com

PBF Logistics's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

February 10, 2022 | seekingalpha.com

PBF Logistics GAAP EPS of $0.67, revenue of $89.34M; issues FY22 guidance

February 10, 2022 | finance.yahoo.com

PBF Energy Reports Fourth Quarter 2021 Results

February 10, 2022 | finance.yahoo.com

PBF Logistics Announces Fourth Quarter 2021 Results and Quarterly Cash Distribution of $0.30 per Unit

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PBFX Company Calendar

Last Earnings: 10/28/2021
Ex-Dividend for 5/26 Dividend: 5/11/2022
Dividend Payable: 5/26/2022
Ex-Dividend for 8/25 Dividend: 8/10/2022
Today: 8/19/2022
Dividend Payable: 8/25/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pipelines, except natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:PBFX
CUSIP: N/A
CIK: 1582568
Web: www.pbflogistics.com
Phone: (973) 455-7500
Fax: 302-655-5049
Employees: 89
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.50
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: -17.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.45
Trailing P/E Ratio: 7.71
Forward P/E Ratio: 7.81
P/E Growth: N/A
Net Income: $153.29 million
Net Margins: 42.79%
Pretax Margin: 42.79%
Return on Equity: 59.58%
Return on Assets: 17.12%

Debt

Debt-to-Equity Ratio: 1.92
Current Ratio: 3.76
Quick Ratio: 3.76

Sales & Book Value

Annual Sales: $355.54 million
Price / Sales: 3.33
Cash Flow: $3.13 per share
Price / Cash Flow: 6.04
Book Value: $4.60 per share
Price / Book: 4.11

Miscellaneous

Outstanding Shares: 62,740,000
Free Float: 62,175,000
Market Cap: $1.19 billion
Optionable: Optionable
Beta: 1.37

Key Executives

Mr. Thomas J. Nimbley (Age 71)
Chairman & CEO of PBF Logistics GP LLC

Mr. Matthew C. Lucey (Age 49)
Exec. VP & Director of PBF Logistics GP LLC

Mr. C. Erik Young (Age 45)
Sr. VP, CFO & Director of PBF Logistics GP LLC

Ms. Trecia M. Canty (Age 52)
Sr. VP, Gen. Counsel & Sec. of PBF Logistics GP LLC

Mr. John Barone (Age 64)
Chief Accounting Officer of PBF Logistics GP LLC

Mr. Colin Murray
Head of Investor Relations

Tai Ho
VP of HR

Mr. Thomas L. O'Connor (Age 49)
Sr. VP - Commercial of PBF Logistics GP, LLC

Mr. Herman Seedorf (Age 70)
Sr. VP, Refining of PBF Logistics GP, LLC

Mr. Steven G. Steach (Age 65)
Sr. VP & Head of Refining

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PBFX Stock - Frequently Asked Questions

Should I buy or sell PBF Logistics stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PBF Logistics in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PBFX shares.
View PBFX analyst ratings or view top-rated stocks.
What is PBF Logistics' stock price forecast for 2022?: 2 analysts have issued 1-year price targets for PBF Logistics' stock. Their PBFX share price forecasts range from $14.00 to $17.00. On average, they predict the company's stock price to reach $15.50 in the next twelve months. This suggests that the stock has a possible downside of 18.6%.
View analysts price targets for PBFX or view top-rated stocks among Wall Street analysts.
How have PBFX shares performed in 2022?: PBF Logistics' stock was trading at $11.30 at the beginning of the year. Since then, PBFX stock has increased by 68.5% and is now trading at $19.04.
View the best growth stocks for 2022 here.
When is PBF Logistics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PBFX earnings forecast.
How were PBF Logistics' earnings last quarter?: PBF Logistics LP (NYSE:PBFX) announced its quarterly earnings data on Thursday, October, 28th. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by $0.01. The pipeline company had revenue of $88.85 million for the quarter, compared to analysts' expectations of $89.05 million. PBF Logistics had a net margin of 42.79% and a trailing twelve-month return on equity of 59.58%.
How often does PBF Logistics pay dividends? What is the dividend yield for PBF Logistics?: PBF Logistics declared a quarterly dividend on Friday, July 29th. Investors of record on Thursday, August 11th will be paid a dividend of $0.30 per share on Thursday, August 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for PBFX.

Is PBF Logistics a good dividend stock?: PBF Logistics (NYSE:PBFX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.46%. PBFX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBFX will have a dividend payout ratio of 48.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBFX.
What other stocks do shareholders of PBF Logistics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PBF Logistics investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), NGL Energy Partners (NGL), AT&T (T), Annaly Capital Management (NLY), Omega Healthcare Investors (OHI), Ares Capital (ARCC), Höegh LNG Partners (HMLP), Mplx (MPLX) and Delek Logistics Partners (DKL).
What is PBF Logistics' stock symbol?: PBF Logistics trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBFX."
Who are PBF Logistics' major shareholders?: PBF Logistics' stock is owned by a number of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (6.28%), Clearbridge Investments LLC (4.62%), JPMorgan Chase & Co. (2.67%), Goldman Sachs Group Inc. (2.25%), UBS Group AG (0.88%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Bruce A Jones, Carso SA De CV Inversora, Control Empresarial De Capital and Karen Berriman Davis.
View institutional ownership trends.
How do I buy shares of PBF Logistics?: Shares of PBFX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PBF Logistics' stock price today?: One share of PBFX stock can currently be purchased for approximately $19.04.
How much money does PBF Logistics make?: PBF Logistics (NYSE:PBFX) has a market capitalization of $1.19 billion and generates $355.54 million in revenue each year. The pipeline company earns $153.29 million in net income (profit) each year or $2.45 on an earnings per share basis.
How can I contact PBF Logistics?: PBF Logistics' mailing address is ONE SYLVAN WAY SECOND FLOOR, PARSIPPANY NJ, 07054. The official website for the company is www.pbflogistics.com. The pipeline company can be reached via phone at (973) 455-7500, via email at ir@pbflogistics.com, or via fax at 302-655-5049.

This page (NYSE:PBFX) was last updated on 8/19/2022 by MarketBeat.com Staff

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PBF Logistics - PBFX Stock Forecast, Price & News

PBF Logistics MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month