E Daily Stock Pick: PBF Logistics

I'm now looking for a third energy sector representative for my new Ivy portfolio.

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration, and production (E&P), equipment and services, integrated, midstream, refining & marketing. (Those six oily and gassy enterprises.)

Today I'm reviewing a small-cap oil and gas midstream company named PBF Logistics LP. Its trading ticker symbol is PBFX.

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 Transportation and Terminaling, and Storage segments.

The company's assets include Delaware City rail unloading terminal, Toledo truck unloading Terminal, that serves Toledo refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.

Its storage facility consists of 30 tanks for storing crude oil, refined products, and intermediates.

PBF Logistics GP LLC serves as the general partner of the partnership. The company was founded in 2012 and is based in Parsippany, New Jersey.

I use three key data points to gauge the value of any dividend equity-like PBF Logistics LP:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

PBFX Price

PBFX's price per share closed at $21.86 Friday. A year ago its price was $19.85. So price rose $2.01 per share last year, over 10%.

Assuming PBFX's stock trades in the range of $18 to $24 next year, PBFX's recent $21.86 price could rise by  $1.14 and go to $23.00 by early-February, 2020.

PBFX Dividends

PBFX's most recent Semi-Annual dividend was $0.50 paid November 30th.

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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts.com; www.finance.yahoo.com; analyst target ...

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Charles Howard 3 months ago Member's comment

Sounds like a good pick!