PBF Energy Inc (NYSE: PBF) shares are trading lower on Tuesday.
Barclays downgraded the stock from Overweight to Underweight and announced a price target $7.
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the U.S.
The company owns refineries in Ohio, Delaware, New Jersey, and Louisiana. Each of the company's refining facilities specializes in the processing of either light, medium, or heavy crude oil.
PBF Energy shares were trading down 2.29% at $10.67 at time of publication on Tuesday. The stock has a 52-week range between $34.91 and $5.19.