With cheap gasoline comes higher demand, and higher demand is just the ticket for the top refining stocks. With shale producers continuing to keep production at high levels, and OPEC members frustrated with quotas, there is a good chance that oil stays range bound between $40 and $50 for the next couple of years, barring an all-out Middle East war. We screened the Merrill Lynch research database and found three top companies that are rated Buy and pay solid dividends. They all make sense for growth and income accounts looking for energy exposure, but wary of crude price swings. All three have solid upside to the Merrill Lynch price targets as well...
Marathon Petroleum Corp. (NYSE: MPC) recently was added to the Franchise Picks List, and it has a diversified business that operates through Refining & Marketing, Speedway and Pipeline Transportation segments. Tesoro Corp. (NYSE: TSO) is an independent refiner and marketer of petroleum products. The company operates seven refineries concentrated in the western United States with throughput capacity of 851,000 of barrels per day. Valero Energy Corp. (NYSE: VLO) is the largest independent petroleum refining and marketing company in the United States. It is based out of San Antonio, owns 13 refineries in the United States, Canada and Europe, and has total throughput capacity of around 2.5 million barrels per day.
Source: Wall St. 24/7
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- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
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