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Refiners’ Valuations: MPC Swaps to Discount

Refiners’ Valuations: MPC Swaps to Discount

In the previous part, we discussed the dividend yield trends of the four refining stocks in our survey. Now, we’ll look at the forward valuations of refiners Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).