Share on StockTwits

PBF Logistics (NASDAQ:PBFX) Director Malley Thomas D. O purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $24.20 per share, with a total value of $242,000.00. Following the transaction, the director now directly owns 270,870 shares of the company’s stock, valued at approximately $6,555,054. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PBF Logistics (NASDAQ:PBFX) traded up 1.17% during mid-day trading on Friday, hitting $24.2499. The stock had a trading volume of 113,087 shares. PBF Logistics has a 52 week low of $21.12 and a 52 week high of $29.70. The stock has a 50-day moving average of $26.67 and a 200-day moving average of $27.09. The company has a market cap of $770.5 million and a P/E ratio of 15.93.

PBF Logistics (NASDAQ:PBFX) last announced its earnings results on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.17. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $14.30 million. PBF Logistics’s revenue was up 76900.0% compared to the same quarter last year. On average, analysts predict that PBF Logistics will post $1.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, August 13th.

A number of analysts have recently weighed in on PBFX shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of PBF Logistics in a research note on Tuesday. They now have a $29.50 price target on the stock, down previously from $31.00. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of PBF Logistics in a research note on Wednesday, June 4th. They set a “market perform” rating and a $29.00 price target on the stock.

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.

Receive News & Ratings for PBF Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Logistics LP and related companies with Analyst Ratings Network's FREE daily email newsletter.