AUSTIN, TEXAS - MAY 30: Valero gas station prices are seen on May 30, 2023 in Austin, Texas. Gas ... [+] prices begin to rise nationally, but remain lower than prices around this time last year. (Photo by Brandon Bell/Getty Images)Getty ImagesAfter the year-to-date move of over 25% each, we believe that the energy stocks Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO) are fully valued. PSX trades at a marginally higher valuation of 0.5x trailing revenues, compared to 0.4x for VLO. Although Phillips 66 ...