Strong 2Q Beat; Lubricants Separation Aims to Unlock Value

Research evidence excerpt

Strong 2Q Beat; Lubricants Separation Aims to Unlock Value

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INDUSTRY COVERAGE: Refining & Marketing

Company (Ticker) Rating (As Of) Price* (07/28/2026)

Joe Laetsch, CFA

Delek US Holdings Inc (DK.N) E (10/02/2025) $62.80

HF Sinclair Corp (DINO.N) O (09/07/2021) $89.30

Marathon Petroleum Corp (MPC.N) O (09/07/2021) $306.05

PBF Energy Inc (PBF.N) U (10/02/2025) $61.00

Phillips 66 (PSX.N) O (04/24/2026) $205.85

Valero Energy Corporation (VLO.N) E (10/02/2025) $298.88

Stock Ratings are subject to change. Please see latest research for each company.