PBF Logistics pops 20% in week's second successful energy IPO

|About: PBF Logistics LP (PBFX)|By:, SA News Editor

PBF Logistics (PBFX) surged 20% after its IPO of 13.8M common units priced at $23 each raised more than $300M today.

GasLog Partners (GLOP), an owner and operator of tankers that transport natural gas liquefied at extreme subzero temperatures, has surged 26% in the three days since pricing its IPO at $21.

Both companies are MLPs; at their IPO prices, GLOP and PBFX carried initial dividend yields of 7.1% and 5.2%, respectively.

PBF Logistics is a partnership formed by PBF Energy (PBF) to operate pipelines and other assets.