Murphy Oil Corporation (MUR), Valero Energy Corporation (VLO), Marathon Petroleum Corp (MPC): A Few Reasons Why This Refiner Should Continue to Soar

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Besides that, Murphy Oil Corporation (NYSE:MUR) also has a $1 billion share repurchase program which would be carried out in installments of $250 million each. Until now, the company has repurchased $250 million worth of its shares, and recently authorized another round of buybacks (worth $250 million). Altogether, this accounts to pending share repurchases of 12.1 million shares (6.3% of shares outstanding), which should boost its dividend yield to nearly 2.20%.

Final words

In my opinion, all three companies would make for great investments. Each of them have enough positive catalysts to power up their stocks. But it’s worth mentioning that Marathon Petroleum Corp (NYSE:MPC) is more of a growth pick, unlike Valero Energy Corporation (NYSE:VLO)or Murphy Oil Corporation (NYSE:MUR) which appear to be solid value plays.

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Piyush Arora has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article A Few Reasons Why This Refiner Should Continue to Soar originally appeared on Fool.com.

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