In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
The distribution is payable on November 18, 2022, to unitholders of record at the close of business on November 7, 2022. First quarter income from operations of $532.4 million (excluding special items, first quarter income from operations of $516.1 million) Increased share repurchase authorization to $1.0 billion Repurc… Plains All American Pipeline’s (PAA) third-quarter earnings were better than expected and the firm raised its 2022 average crude oil pipeline volumes. We base our calculation of net income per limited partner unit on the weighted-average number of limited partner units outstanding during the period and the amount of available cash that has been, or will be, distributed to the limited partners. These non-GAAP financial measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other partnerships, because they may be defined differently by other partnerships in our industry, thereby limiting their utility.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. SquareOne Energy, LLC (“SquareOne” or the “Company”) announced today the continued advancement of its initial discarded and used oil recycling facility in the Philadelphia region through its engagement… For additional information on the Partnership’s non-GAAP financial measures, including reconciliations to their most directly comparable financial measures calculated and presented in accordance with GAAP, refer to the supplemental information provided in “Results of Operations” and the Earnings Release Tables included herein.
Key Earnings Data
Tom Nimbley, PBF Energy’s and PBF Logistics’ Chairman and CEO, said, “On behalf of the Boards of Directors and management team, we thank unitholders for their support in completing this significant milestone. We are excited to complete the transaction today and look forward to the continued success of the combined company.” These companies have market caps of at least $500 million, have positive earnings and debt that doesn’t exceed its net worth. According to 11 analysts, the average rating for PBF stock is “Buy.” The 12-month stock price forecast is $51.6, which is an increase of 4.86% from the latest price. Use these ten stocks to generate a safe and reliable source of investment income. The most recent change in the company’s dividend was a decrease of $0.22 on Monday, May 18, 2020. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
PBF Logistics LP was founded in 2012 and is headquartered in Parsippany, New Jersey. As of November 30, 2022, PBF Logistics LP operates as a subsidiary of PBF Energy Company LLC. The Merger Agreement provides that each outstanding common unit of the Partnership held by an unaffiliated common unitholder will receive 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest. The merger is expected to close in the fourth quarter of 2022, subject to customary closing conditions. For additional information on this transaction, please refer to the Partnership’s filings with the Securities and Exchange Commission. PBF Logistics LP PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
“Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures.
PBF Energy and PBF Logistics Announce the Departure of Chief Financial Officer
EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA and distributable cash flow have important limitations as analytical tools because they exclude some, but not all, items that affect net income and net cash provided by operating activities. EBITDA, EBITDA attributable to PBFX, Adjusted EBITDA and distributable cash flow are reconciled to their most directly comparable financial measures calculated and presented in accordance with GAAP in the Earnings Release Tables included herein. Forward-looking StatementsStatements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered “forward-looking statements” (as that term is defined under the federal securities laws).
This represents a $1.20 dividend on an annualized basis and a yield of 6.03%. You can find your newly purchased PBFX stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Below are the latest news stories about PBF LOGISTICS LP that investors may wish to consider to https://investmentsanalysis.info/ help them evaluate PBFX as an investment opportunity. Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. The technique has proven to be very useful for finding positive surprises.
PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products, terminals, pipelines, storage facilities and similar logistics assets. Forward-Looking StatementsThis press release contains forward-looking statements (as that term is defined under the federal securities laws) made by the Partnership and its management. Such statements are based on current expectations, forecasts and projections, including, but not limited to, anticipated financial and operating results, plans, objectives, expectations and intentions that are not historical in nature. Forward-looking statements should not be read as a guarantee of future performance or results, and may not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see PBFX’s filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
PBF Logistics: Q4 Earnings Insights
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Fourth quarter income from operations of $955.6 million (excluding special items, fourth quarter income from operations of $873.0 million) Year-ending consolidated cash balance of approximately $2.2 b… Oil refining stocks posted record-high profits in 2022, thanks to the wide margin between the cost of crude oil and refined products. Second quarter income from operations of $1,389.2 million (excluding special items, second quarter income from operations of $403.7 million) Closed partnership with Eni Sustainable Mobility, received … JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. Stocks and ETFs.Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”).
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
About PBF Logistics (NYSE:PBFX) Stock
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. On October 27, 2022, the board of directors of our general partner announced a quarterly cash distribution of $0.30 per limited partner unit based on the results of the third quarter of 2022. The distribution is payable on November 18, 2022 to Como invertir en forex PBFX unitholders of record at the close of business on November 7, 2022. The total distribution amount includes the expected distributions to be made related to third quarter earnings. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours.
- Fourth quarter income from operations of $955.6 million (excluding special items, fourth quarter income from operations of $873.0 million) Year-ending consolidated cash balance of approximately $2.2 b…
- I found the stock by sorting Barchart’s Top Stocks to Buy list first by the most frequent number of new highs in the last month,…
- PBF Logistics is expected to release next earnings on -, with an earnings per share (EPS) estimate of $0.61.
- The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Net debt is a non-GAAP measure calculated by subtracting cash and cash equivalents from total debt. We believe this measurement is also useful to investors since we have the ability to, and may decide to, use a portion of our cash and cash equivalents to retire or pay down our debt.
Forward-looking statements reflect information, facts and circumstances only as of the date they are made. The Partnership assumes no responsibility or obligation to update forward-looking statements except as may be required by law. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC.
This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. PBF Logistics Declares Quarterly DistributionThe board of directors of PBF Logistics GP LLC, the Partnership’s general partner, declared a regular quarterly cash distribution of $0.30 per common unit.
PBF Energy to Release Second Quarter 2023 Earnings Results