Traders Buy High Volume of Call Options on PBF Logistics (PBFX)

PBF Logistics LP (NYSE:PBFX) was the recipient of unusually large options trading on Friday. Stock traders acquired 550 call options on the company. This is an increase of approximately 882% compared to the typical volume of 56 call options.

PBFX has been the subject of a number of recent analyst reports. BidaskClub raised PBF Logistics from a “strong sell” rating to a “sell” rating in a research note on Friday, November 3rd. Zacks Investment Research raised PBF Logistics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, UBS Group dropped their price objective on PBF Logistics from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.00.

A number of institutional investors have recently made changes to their positions in PBFX. First Republic Investment Management Inc. bought a new position in PBF Logistics during the third quarter valued at approximately $206,000. GSA Capital Partners LLP boosted its stake in PBF Logistics by 9.1% during the second quarter. GSA Capital Partners LLP now owns 13,314 shares of the pipeline company’s stock valued at $260,000 after buying an additional 1,114 shares during the last quarter. Institutional & Family Asset Management LLC bought a new position in PBF Logistics during the third quarter valued at approximately $299,000. Alps Advisors Inc. bought a new position in PBF Logistics during the third quarter valued at approximately $468,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in PBF Logistics during the fourth quarter valued at approximately $484,000. 37.45% of the stock is owned by institutional investors.

PBF Logistics (PBFX) opened at $19.85 on Monday. The firm has a market capitalization of $831.62, a PE ratio of 8.86, a PEG ratio of 2.17 and a beta of 1.18. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.26 and a quick ratio of 1.26. PBF Logistics has a one year low of $18.55 and a one year high of $22.70.

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About PBF Logistics

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.

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