Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Devon Energy

(

DVN

) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.6%. By the end of trading, Devon Energy rose $1.14 (1.7%) to $66.93 on heavy volume. Throughout the day, 5,276,441 shares of Devon Energy exchanged hands as compared to its average daily volume of 3,151,800 shares. The stock ranged in a price between $65.62-$66.95 after having opened the day at $66.00 as compared to the previous trading day's close of $65.79. Other companies within the Basic Materials sector that increased today were:

BioFuel Energy Corporation

(

BIOF

), up 132.5%,

KiOR

(

KIOR

), up 39.8%,

MagneGas Corporation

(

MNGA

), up 20.0% and

Clayton Williams Energy

(

CWEI

), up 15.5%.

Devon Energy Corporation, an independent energy company, is engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy has a market cap of $26.4 billion and is part of the energy industry. Shares are up 6.3% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Devon Energy a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Devon Energy as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the negative front,

Whiting USA Trust I

(

WHX

), down 27.7%,

Axiall

(

AXLL

), down 17.7%,

Houston American Energy Corporation

(

HUSA

), down 12.7% and

International Tower Hill Mines

(

THM

), down 9.6% , were all laggards within the basic materials sector with

Goldcorp

(

GG

) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, 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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