Wednesday, January 26, 2022

Goldman likes Marathon Petroleum (MPC), Phillips 66 (PSX) Delek (DK), and Par Pacific (PARR)

 https://www.marketwatch.com/articles/oil-refiners-stocks-goldman-sachs-51643137545?mod=mw_quote_news


The Buy-rated companies stand out for different reasons. Marathon is buying back shares at a rapid rate after the sale of its Speedway division and owns a majority stake in a midstream company called MPLX LP (MPLX) that Goldman expects to do well this year. Mehta doesn’t go into details on his case for Phillips, but considers it a “conviction list” pick with 13% upside.

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