3 Basic Materials Stocks Pushing The Sector Higher

TheStreet highlights 3 stocks pushing the basic materials sector higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 unchanged.

The Basic Materials sector currently sits down 1.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include

Canadian Natural Resources

(

CNQ

), up 6.3%,

Continental Resources

(

CLR

), up 4.7%,

Hess

(

HES

), up 4.5%,

Valero Energy

(

VLO

), up 1.7% and

ConocoPhillips

(

COP

), up 0.6%. On the negative front, top decliners within the sector include

Albemarle

(

ALB

), down 9.5%,

Baker Hughes

(

BHI

), down 2.9%,

Kinder Morgan

(

KMI

), down 2.2%,

Enbridge

(

ENB

), down 2.1% and

BP

(

BP

), down 1.9%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

Enterprise Products Partners

(

EPD

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Enterprise Products Partners is up $0.18 (0.7%) to $27.57 on average volume. Thus far, 1.9 million shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $27.03-$27.81 after having opened the day at $27.14 as compared to the previous trading day's close of $27.39.

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Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Enterprise Products Partners has a market cap of $56.7 billion and is part of the energy industry. Shares are down 24.2% year-to-date as of the close of trading on Wednesday. Currently there are 18 analysts who rate Enterprise Products Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Enterprise Products Partners

as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. Get the full

Enterprise Products Partners Ratings Report

now.

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2. As of noon trading,

Marathon Petroleum

(

MPC

) is up $0.74 (1.4%) to $55.54 on average volume. Thus far, 2.3 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $54.55-$55.68 after having opened the day at $55.25 as compared to the previous trading day's close of $54.80.

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Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $29.3 billion and is part of the energy industry. Shares are up 21.4% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Marathon Petroleum a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Marathon Petroleum

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Marathon Petroleum Ratings Report

now.

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1. As of noon trading,

Occidental Petroleum

(

OXY

) is up $0.54 (0.7%) to $76.30 on light volume. Thus far, 1.6 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $75.15-$76.99 after having opened the day at $75.21 as compared to the previous trading day's close of $75.76.

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Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $58.5 billion and is part of the energy industry. Shares are down 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate Occidental Petroleum a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Occidental Petroleum

as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full

Occidental Petroleum Ratings Report

now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

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