Proficio Capital Partners LLC Has $219,000 Stake in PBF Logistics LP (PBFX)
Proficio Capital Partners LLC continued to hold its position in shares of PBF Logistics LP (NYSE:PBFX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,975 shares of the company’s stock at the end of the second quarter. Proficio Capital Partners LLC’s holdings in PBF Logistics were worth $219,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its position in shares of PBF Logistics by 56.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 239,330 shares of the company’s stock worth $4,509,000 after buying an additional 86,689 shares in the last quarter. Arrowgrass Capital Partners US LP purchased a new position in shares of PBF Logistics during the first quarter worth about $3,297,000. Magnetar Financial LLC purchased a new position in shares of PBF Logistics during the first quarter worth about $942,000. Harvest Fund Advisors LLC boosted its position in shares of PBF Logistics by 1.2% in the first quarter. Harvest Fund Advisors LLC now owns 1,163,263 shares of the company’s stock worth $21,916,000 after buying an additional 13,356 shares in the last quarter. Finally, Omega Advisors Inc. purchased a new position in shares of PBF Logistics during the first quarter worth about $1,130,000. Institutional investors own 60.57% of the company’s stock.
Shares of PBF Logistics LP (NYSE:PBFX) traded down 0.35% during trading on Monday, reaching $19.90. The company’s stock had a trading volume of 21,965 shares. The firm has a market cap of $742.99 million, a P/E ratio of 9.74 and a beta of 1.39. PBF Logistics LP has a one year low of $15.39 and a one year high of $23.49. The stock’s 50 day moving average is $20.18 and its 200 day moving average is $20.87.
PBF Logistics (NYSE:PBFX) last posted its earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.10. PBF Logistics had a net margin of 48.09% and a negative return on equity of 42.52%. The business had revenue of $40.66 million for the quarter, compared to analysts’ expectations of $38.61 million. During the same period last year, the firm posted $0.58 earnings per share. PBF Logistics’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that PBF Logistics LP will post $1.91 EPS for the current fiscal year.
Several equities analysts have weighed in on PBFX shares. Zacks Investment Research upgraded PBF Logistics from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, September 29th. Credit Suisse Group AG restated a “neutral” rating on shares of PBF Logistics in a research note on Monday, August 1st.
PBF Logistics Company Profile
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 operates through two segments: Transportation and Terminaling segment, and storage segment. The Company focuses on owning or leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
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