The

basic materials

sector closed the day up 1.4%.

Sinopec Shanghai Petrochemical Company Limi

(

SHI

),

China Gerui Advanced Materials Group

(

CHOP

),

Clayton Williams Energy Inc

(

CWEI

), and

GeoGlobal Resources Inc

(

GGR

) were all decliners today within the basic materials sector with

Eni SpA

(

E

) being today's featured basic materials loser. Eni SpA fell 94 cents (-2%) to $46.49 on light volume. Throughout the day, 786,813 shares of Eni SpA exchanged hands as compared to its average daily volume of 1.7 million shares.

Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni SpA has a market cap of $79.8 billion and is part of the

energy

industry. The company has a P/E ratio of 4.6, below the average energy industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Eni SpA as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself.

On the positive front,

BioFuel Energy Corporation

(

BIOF

),

Sinocoking Coal and Coke Chemicals Inc

(

SCOK

),

Mines Management Inc

(

MGN

), and

Stillwater Mining Company

(

SWC

) were all gainers within the basic materials sector with

Occidental Petroleum Corporation

(

OXY

) being today's featured basic materials sector winner.

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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