PBF Logistics LP (NYSE:PBFX – Get Rating) insider Control Empresarial De Capital sold 12,500 shares of PBF Logistics stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $18.50, for a total value of $231,250.00. Following the sale, the insider now directly owns 7,282,592 shares of the company’s stock, valued at $134,727,952. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
PBF Logistics Stock Down 1.2 %
PBFX opened at $18.40 on Tuesday. The business’s 50-day simple moving average is $16.05 and its 200-day simple moving average is $14.80. The company has a debt-to-equity ratio of 1.92, a quick ratio of 3.76 and a current ratio of 3.76. PBF Logistics LP has a one year low of $10.65 and a one year high of $18.77. The stock has a market capitalization of $1.15 billion, a P/E ratio of 7.51 and a beta of 1.37.
PBF Logistics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Wednesday, August 10th. PBF Logistics’s dividend payout ratio (DPR) is currently 48.98%.
Institutional Trading of PBF Logistics
PBF Logistics Company Profile
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 in two segments, Transportation and Terminaling; and Storage. The company's assets include the 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; and the Toledo storage facility, which includes a propane storage and loading facility.
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