Bank Of America Says A Strategic Pause Is Necessary For The US Refiners - Here's Why - Marathon Petroleum (NYSE:MPC), Phillips 66 (NYSE:PSX), PBF Energy (NYSE:PBF), HF Sinclair (NYSE:DINO), Delek US Hldgs (NYSE:DK), Valero Energy (NYSE:VLO)

Bank Of America Says A Strategic Pause Is Necessary For The US Refiners - Here's Why - Marathon Petroleum (NYSE:MPC), Phillips 66 (NYSE:PSX), PBF Energy (NYSE:PBF), HF Sinclair (NYSE:DINO), Delek US Hldgs (NYSE:DK), Valero Energy (NYSE:VLO)

BofA Securities analyst Doug Leggate said that the mid-cycle earnings power of the U.S. refining sector had been reset by a combination of capacity offshoring and a sustainable cost advantage of U.S. natural gas versus international peers.  Latest Ratings for PSX DateFirmActionFromTo Feb 2022RBC CapitalMaintainsOutperform Jan 2022Raymond JamesMaintainsOutperform Jan 2022Raymond JamesMaintainsOutperform View More Analyst Ratings for PSX View …