Negative, 4.0 Sohc Explorers have a right and a left cat.
I do not know of any cars that have four cats, I remember when cars only needed one cat. You must have been looking at something else.
$55 on Ebay I would like to see that. I am talking about the direct bolt on ones, not the universal. My local Magnaflow dealer had them for $275 each plus labor, we both thought the carjunky price of $155 a piece was good.
An Explorer V6 SOHC has four Oxygen sensors, two heated and two regular. The regulars are downstreem from the cats.
The cats are made to the sames specs as stock so you should have no problem passing with them.