NBW Capital LLC lessened its position in shares of PBF Logistics LP (NYSE:PBFX) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 373,997 shares of the pipeline company’s stock after selling 19,670 shares during the quarter. PBF Logistics accounts for 2.1% of NBW Capital LLC’s portfolio, making the stock its 19th biggest holding. NBW Capital LLC owned 0.89% of PBF Logistics worth $7,835,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in PBF Logistics by 3.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,150,472 shares of the pipeline company’s stock worth $45,052,000 after buying an additional 62,739 shares in the last quarter. Deutsche Bank AG increased its position in PBF Logistics by 12.7% in the fourth quarter. Deutsche Bank AG now owns 329,581 shares of the pipeline company’s stock worth $6,904,000 after buying an additional 37,186 shares in the last quarter. Renaissance Technologies LLC increased its position in PBF Logistics by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 234,915 shares of the pipeline company’s stock worth $4,921,000 after buying an additional 13,127 shares in the last quarter. BP Capital Fund Advisors LLC increased its position in PBF Logistics by 19.1% in the fourth quarter. BP Capital Fund Advisors LLC now owns 151,501 shares of the pipeline company’s stock worth $3,174,000 after buying an additional 24,272 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in PBF Logistics in the fourth quarter worth about $484,000. Institutional investors own 35.35% of the company’s stock.
Separately, Zacks Investment Research raised PBF Logistics from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.00.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The business had revenue of $66.51 million during the quarter, compared to the consensus estimate of $66.81 million. PBF Logistics had a return on equity of 60.45% and a net margin of 36.52%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. research analysts forecast that PBF Logistics LP will post 2.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a $0.485 dividend. This is a positive change from PBF Logistics’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 9.75%. PBF Logistics’s dividend payout ratio is 89.40%.
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PBF Logistics Company Profile
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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