PBF Logistics LP (NYSE:PBFX) is expected to pay $0.44 on Nov 22, 2016. The indicated annual dividend is $1.76. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on PBF Logistics LP’s current price of $18.65, the dividend is 2.36%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 31, 2016. The stock decreased 3.87% or $0.75 on November 2, hitting $18.65. PBF Logistics LP (NYSE:PBFX) has risen 1.36% since April 1, 2016 and is uptrending. It has outperformed by 0.14% the S&P500.
PBF Logistics LP is engaged in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. The company has a market cap of $770.93 million. The Firm operates through two divisions: Transportation and Terminaling segment, and storage segment. It has a 9.21 P/E ratio. The Firm focuses on owning or leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.42, from 1.47 in 2016Q1. The ratio worsened, as 10 funds sold all PBF Logistics LP shares owned while 9 reduced positions. 8 funds bought stakes while 12 increased positions. They now own 13.71 million shares or 1.72% less from 13.95 million shares in 2016Q1.
Gsa Llp has 0.06% invested in the company for 47,567 shares. Moreover, Swift Run Capital Mgmt Ltd Com has 0.36% invested in PBF Logistics LP (NYSE:PBFX) for 24,300 shares. Manufacturers Life Insur The has 612 shares for 0% of their US portfolio. California Public Employees Retirement holds 21,800 shares or 0% of its portfolio. Security Natl Company owns 3,000 shares or 0.03% of their US portfolio. Moreover, Bb&T Corp has 0% invested in PBF Logistics LP (NYSE:PBFX) for 10,000 shares. Moreover, Metropolitan Life Insur Company Ny has 0.04% invested in PBF Logistics LP (NYSE:PBFX) for 206,390 shares. The Illinois-based Advisory Rech has invested 0.26% in PBF Logistics LP (NYSE:PBFX). Solaris Asset Management Ltd owns 1,425 shares or 0.02% of their US portfolio. Citigroup, a New York-based fund reported 26,689 shares. Moreover, Center Coast Advisors Limited Partnership has 0% invested in PBF Logistics LP (NYSE:PBFX) for 1,534 shares. Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.06% of its portfolio in the stock. Fort Washington Advisors Oh holds 17,300 shares or 0.01% of its portfolio. Renaissance Technologies last reported 116,371 shares in the company. Susquehanna Grp Ltd Liability Partnership, a Pennsylvania-based fund reported 25,759 shares.
PBF Logistics LP (NYSE:PBFX) Ratings Coverage
Out of 3 analysts covering PBF Logistics (NYSE:PBFX), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $34 is the highest target while $21 is the lowest. The $23 average target is 23.32% above today’s ($18.65) stock price. PBF Logistics has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was initiated by Raymond James on Thursday, April 21 with “Outperform”. On Monday, October 26 the stock rating was initiated by Credit Suisse with “Neutral”. On Friday, February 12 the stock rating was maintained by Barclays Capital with “Equal Weight”. On Monday, January 11 the stock rating was downgraded by Barclays Capital to “Equal Weight”. Credit Suisse maintained PBF Logistics LP (NYSE:PBFX) on Friday, July 31 with “Outperform” rating. On Tuesday, October 13 the stock rating was downgraded by Credit Suisse to “Neutral”.
More news for PBF Logistics LP (NYSE:PBFX) were recently published by: Reuters.com, which released: “BRIEF-PBF Logistics LP prices public offering of 4000000 common units” on August 12, 2016. Prnewswire.com‘s article titled: “PBF Logistics LP Prices Public Offering of 2500000 Common Units Representing …” and published on March 31, 2016 is yet another important article.
PBFX Company Profile
PBF Logistics LP, incorporated on February 25, 2013, is engaged in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. The Firm operates through two divisions: Transportation and Terminaling segment, and storage segment. The Firm focuses on owning or leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. It receives, handles and transfers crude oil from sources located across the United States and Canada, and stores crude oil, refined products and intermediates for PBF Energy Inc. (PBF Energy) in support of its approximately three refineries located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The Company’s assets consist of the DCR Rail Terminal, the Toledo Truck Terminal, the DCR West Rack, the Toledo Storage Facility and the Delaware City Products Pipeline and Truck Rack (collectively referred to as the Contributed Assets), which are components of the crude oil and refined products delivery and storage activities at PBF Energy’s refineries.
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