PBF Logistics LP (NYSE:PBFX) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, July 6th.

Several other equities analysts have also recently issued reports on PBFX. Zacks Investment Research cut PBF Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. TheStreet upgraded PBF Logistics from a “d” rating to a “c” rating in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

PBF Logistics (NYSE:PBFX) traded up 1.44% during mid-day trading on Thursday, hitting $21.20. 270,924 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $19.54 and its 200-day moving average price is $20.29. PBF Logistics has a one year low of $17.45 and a one year high of $23.00. The stock has a market cap of $887.30 million, a PE ratio of 9.94 and a beta of 1.34.

PBF Logistics (NYSE:PBFX) last announced its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.09. The company had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $58.69 million. PBF Logistics had a net margin of 39.25% and a return on equity of 62.98%. The business’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts forecast that PBF Logistics will post $2.30 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in PBF Logistics by 9.5% in the first quarter. Tower Research Capital LLC TRC now owns 5,851 shares of the pipeline company’s stock valued at $126,000 after buying an additional 508 shares during the last quarter. BP Capital Fund Advisors LLC boosted its stake in PBF Logistics by 6.5% in the first quarter. BP Capital Fund Advisors LLC now owns 127,229 shares of the pipeline company’s stock valued at $2,742,000 after buying an additional 7,730 shares during the last quarter. Bank of America Corp DE boosted its stake in PBF Logistics by 22.3% in the first quarter. Bank of America Corp DE now owns 81,906 shares of the pipeline company’s stock valued at $1,765,000 after buying an additional 14,931 shares during the last quarter. Renaissance Technologies LLC boosted its stake in PBF Logistics by 4.5% in the first quarter. Renaissance Technologies LLC now owns 156,117 shares of the pipeline company’s stock valued at $3,364,000 after buying an additional 6,785 shares during the last quarter. Finally, UBS Group AG boosted its stake in PBF Logistics by 44.9% in the first quarter. UBS Group AG now owns 646,881 shares of the pipeline company’s stock valued at $13,941,000 after buying an additional 200,484 shares during the last quarter. Hedge funds and other institutional investors own 71.99% of the company’s stock.

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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