PBF Logistics LP (NYSE:PBFX) Short Interest Update

PBF Logistics LP (NYSE:PBFX) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 148,600 shares, a growth of 80.6% from the May 30th total of 82,300 shares. Based on an average daily volume of 102,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.4% of the company’s stock are sold short.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in PBF Logistics by 14.0% during the first quarter. Advisory Services Network LLC now owns 21,978 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 2,697 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PBF Logistics by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 715,598 shares of the pipeline company’s stock worth $15,042,000 after acquiring an additional 23,512 shares in the last quarter. Arrow Investment Advisors LLC lifted its position in shares of PBF Logistics by 10.7% during the first quarter. Arrow Investment Advisors LLC now owns 24,536 shares of the pipeline company’s stock worth $516,000 after acquiring an additional 2,370 shares in the last quarter. Avalon Advisors LLC lifted its position in shares of PBF Logistics by 3.3% during the first quarter. Avalon Advisors LLC now owns 52,378 shares of the pipeline company’s stock worth $1,101,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Green Square Capital LLC lifted its position in shares of PBF Logistics by 1.5% during the fourth quarter. Green Square Capital LLC now owns 149,502 shares of the pipeline company’s stock worth $3,005,000 after acquiring an additional 2,176 shares in the last quarter. Hedge funds and other institutional investors own 23.92% of the company’s stock.

Separately, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.



Shares of NYSE PBFX traded down $0.02 during midday trading on Thursday, reaching $21.46. The company’s stock had a trading volume of 87,300 shares, compared to its average volume of 97,198. PBF Logistics has a 12-month low of $19.17 and a 12-month high of $23.69. The firm has a 50 day moving average price of $20.50. The firm has a market cap of $1.33 billion, a PE ratio of 11.79, a P/E/G ratio of 3.08 and a beta of 0.79. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.96 and a quick ratio of 0.96.

PBF Logistics (NYSE:PBFX) last announced its earnings results on Wednesday, May 1st. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). PBF Logistics had a return on equity of 45.77% and a net margin of 25.11%. The business had revenue of $78.85 million during the quarter, compared to analysts’ expectations of $79.08 million. During the same quarter in the previous year, the firm earned $0.43 EPS. PBF Logistics’s quarterly revenue was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that PBF Logistics will post 1.71 EPS for the current fiscal year.

About PBF Logistics

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.

Further Reading: Oversold

Receive News & Ratings for PBF Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Logistics and related companies with MarketBeat.com's FREE daily email newsletter.