Metropolitan Life Insurance Co. NY reduced its position in PBF Logistics LP (NYSE:PBFX) by 13.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 174,774 shares of the pipeline company’s stock after selling 26,616 shares during the period. Metropolitan Life Insurance Co. NY owned 0.42% of PBF Logistics worth $3,766,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the company. BP Capital Fund Advisors LLC boosted its position in shares of 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 worth $2,742,000 after buying an additional 7,730 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 worth $1,765,000 after buying an additional 14,931 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of PBF Logistics by 4.5% in the first quarter. Renaissance Technologies LLC now owns 156,117 shares of the pipeline company’s stock worth $3,364,000 after buying an additional 6,785 shares in the last quarter. UBS Group AG raised 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 worth $13,941,000 after buying an additional 200,484 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in PBF Logistics by 4,529.5% in the first quarter. Global X Management Co. LLC now owns 369,991 shares of the pipeline company’s stock worth $7,973,000 after buying an additional 361,999 shares during the last quarter. Institutional investors own 72.18% of the company’s stock.
PBF Logistics LP (PBFX) traded up 0.77% during midday trading on Friday, reaching $19.70. The company had a trading volume of 49,188 shares. The company has a 50-day moving average of $19.41 and a 200-day moving average of $20.25. PBF Logistics LP has a 12-month low of $17.45 and a 12-month high of $23.00. The stock has a market capitalization of $824.52 million, a PE ratio of 9.24 and a beta of 1.33.
PBF Logistics (NYSE:PBFX) last released its earnings results on Thursday, May 4th. The pipeline company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. PBF Logistics had a return on equity of 112.48% and a net margin of 40.93%. The company had revenue of $60.50 million during the quarter, compared to the consensus estimate of $58.23 million. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue was up 65.5% compared to the same quarter last year. On average, analysts predict that PBF Logistics LP will post $2.31 EPS for the current fiscal year.
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A number of equities research analysts recently commented on PBFX shares. Zacks Investment Research lowered PBF Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine lowered PBF Logistics from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, TheStreet raised PBF Logistics from a “d” rating to a “c” rating in a research report on Tuesday, May 30th.
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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