PBF Logistics - PBFX Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PBF Logistics in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PBFX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PBFX, but not buy additional shares or sell existing shares.
View PBFX analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12-month price targets for PBF Logistics' stock. Their PBFX share price forecasts range from $14.00 to $14.00. On average, they predict the company's share price to reach $14.00 in the next year. This suggests that the stock has a possible downside of 35.0%.
View analysts price targets for PBFX or view top-rated stocks among Wall Street analysts.

PBF Logistics' stock was trading at $11.30 at the beginning of the year. Since then, PBFX shares have increased by 90.7% and is now trading at $21.55.
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PBF Logistics saw a increase in short interest in October. As of October 31st, there was short interest totaling 574,800 shares, an increase of 18.5% from the October 15th total of 485,200 shares. Based on an average trading volume of 329,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.3% of the shares of the stock are short sold.
View PBF Logistics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our PBFX earnings forecast.

PBF Logistics LP (NYSE:PBFX) announced its quarterly earnings data on Thursday, October, 28th. The pipeline company reported $0.58 EPS for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 54.66% and a net margin of 42.22%.

PBF Logistics announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.30 per share on Friday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for PBFX.

PBF Logistics (NYSE:PBFX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.57%. PBFX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.59%. 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.

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).

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

PBF Logistics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include UBS Group AG (4.80%), Blackstone Inc. (0.32%), Kellner Capital LLC (0.21%), Barclays PLC (0.17%), Raymond James & Associates (0.07%) and Jump Financial LLC (0.06%). Insiders that own company stock include Bruce A Jones, Carso SA De CV Inversora and Control Empresarial De Capital.
View institutional ownership trends.

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.
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One share of PBFX stock can currently be purchased for approximately $21.55.

PBF Logistics (NYSE:PBFX) has a market capitalization of $1.35 billion and generates $355.54 million in revenue each year. The pipeline company earns $153.29 million in net income (profit) each year or $2.42 on an earnings per share basis.

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.