Zacks Investment Research lowered shares of PBF Logistics (NYSE:PBFX) from a hold rating to a sell rating in a report issued on Thursday, January 4th.

According to Zacks, “PBF Logistics LP engages in owning, leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. “

A number of other brokerages also recently commented on PBFX. BidaskClub upgraded PBF Logistics from a hold rating to a buy rating in a research note on Thursday, September 28th. UBS Group decreased their price target 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 equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $24.00.

PBF Logistics (NYSE PBFX) opened at $20.80 on Thursday. PBF Logistics has a 52-week low of $18.55 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $881.89, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP increased its position in PBF Logistics by 9.1% in the 2nd quarter. GSA Capital Partners LLP now owns 13,314 shares of the pipeline company’s stock worth $260,000 after purchasing an additional 1,114 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in PBF Logistics by 11.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 24,900 shares of the pipeline company’s stock valued at $486,000 after purchasing an additional 2,600 shares during the period. Wells Fargo & Company MN boosted its stake in PBF Logistics by 4.0% during the 3rd quarter. Wells Fargo & Company MN now owns 85,529 shares of the pipeline company’s stock valued at $1,796,000 after purchasing an additional 3,319 shares during the period. First Republic Investment Management Inc. bought a new stake in PBF Logistics during the 3rd quarter valued at approximately $206,000. Finally, NBW Capital LLC lifted its position in shares of PBF Logistics by 2.8% in the 2nd quarter. NBW Capital LLC now owns 403,291 shares of the pipeline company’s stock worth $7,864,000 after acquiring an additional 11,006 shares during the period. 37.45% of the stock is currently owned by institutional investors.

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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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