Oil refiners are riskier than the market but …
With the equity market wobbling, investors have been finding refuge, er, returns in an unlikely quarter – the oil sector. No, not integrated behemoths like ExxonMobil Corp. (NYSE: XOM) but independent refiners such as Valero Energy Corp. (NYSE: VLO)
Marathon Petroleum Corp. (NYSE: MPC)
Valero, like Marathon and Phillips 66 (NYSE: PSX), 2
if it reaches its target – without the broad market at its back.
