Critical Survey: PBF Logistics (PBFX) vs. Mplx Lp (MPLX)

Mplx Lp (NYSE: MPLX) and PBF Logistics (NYSE:PBFX) are both oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, risk, valuation, earnings, analyst recommendations, profitabiliy and dividends.

Profitability

This table compares Mplx Lp and PBF Logistics’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Mplx Lp 13.85% 4.01% 2.36%
PBF Logistics 40.93% 112.48% 12.85%

Volatility & Risk

Mplx Lp has a beta of 1.34, meaning that its stock price is 34% more volatile than the S&P 500. Comparatively, PBF Logistics has a beta of 1.33, meaning that its stock price is 33% more volatile than the S&P 500.

Dividends

Mplx Lp pays an annual dividend of $2.16 per share and has a dividend yield of 6.5%. PBF Logistics pays an annual dividend of $1.84 per share and has a dividend yield of 9.5%. Mplx Lp pays out 469.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. PBF Logistics pays out 77.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Mplx Lp has increased its dividend for 2 consecutive years and PBF Logistics has increased its dividend for 3 consecutive years. PBF Logistics is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Ratings

This is a summary of current ratings and target prices for Mplx Lp and PBF Logistics, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mplx Lp 0 1 8 1 3.00
PBF Logistics 0 1 0 0 2.00

Mplx Lp currently has a consensus price target of $42.67, indicating a potential upside of 28.86%. PBF Logistics has a consensus price target of $24.00, indicating a potential upside of 24.35%. Given Mplx Lp’s stronger consensus rating and higher probable upside, equities analysts clearly believe Mplx Lp is more favorable than PBF Logistics.

Valuation and Earnings

This table compares Mplx Lp and PBF Logistics’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Mplx Lp $2.90 billion 4.28 $1.39 billion $0.46 71.98
PBF Logistics $211.26 million 3.82 $143.09 million $2.38 8.11

Mplx Lp has higher revenue and earnings than PBF Logistics. PBF Logistics is trading at a lower price-to-earnings ratio than Mplx Lp, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

69.1% of Mplx Lp shares are owned by institutional investors. Comparatively, 72.2% of PBF Logistics shares are owned by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

Mplx Lp beats PBF Logistics on 9 of the 17 factors compared between the two stocks.

Mplx Lp Company Profile

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2016, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2016, its assets included infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across nine states.

PBF Logistics Company Profile

PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline. The Storage Segment includes the Toledo Storage Facility, excluding the propane truck loading facility. The storage facility at its Toledo Storage Facility consisted of 30 tanks for storing crude oil, refined products and intermediates, as of December 31, 2016. PBF Logistics GP LLC (PBF GP) is its general partner. PBF GP is owned by PBF Energy Company LLC (PBF LLC).

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