PBFX - PBF Logistics: Solid Dividend

Summary

• 100% technical buy signal;
• 15 new highs and up 24.15% in the last month.
• Analysts recommend buying for the dividend, not the price appreciation.

The Chart of the Day belongs to the pipeline company PBF Logistics ( PBFX ). 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, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/3 the stock gained 10.08%.

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. Its assets also comprise 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; the Toledo rail products facility, a loading and unloading rail facility; the Chalmette truck rack, a truck loading rack facility; the Chalmette rosin yard, a rail yard facility; the Paulsboro lube oil terminal, a lube oil terminal facility; and the Delaware ethanol storage facility, an ethanol storage facility. In addition, the company is involved in receiving, handling, storing, and transferring crude oil, refined products, natural gas, and intermediates. PBF Logistics LP was founded in 2012 and is headquartered in Parsippany, New Jersey.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 65.20+ Weighted Alpha
• 50.32% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 24.15% in the last month
• Relative Strength Index 68.42%
• Technical support level at 20.67
• Recently traded at 21.16 with 50 day moving average of 18.81

Fundamental factors:

• Market Cap $1.31 billion
• Revenue predicted to increase by 2.50% this year and another 1.60% next year
• Earnings estimated to increase 1.30% this year, and additional 1.20% next year and continue to compound at an annual rate of 1.46% for the next 5 years

For further details see: