MPC, PSX And VLO, Pushing Energy Industry Downward
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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 24 points (-0.1%) at 16,982 as of Wednesday, Oct. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,291 issues advancing vs. 1,724 declining with 155 unchanged.
The Energy industry currently sits up 0.8% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was
Petroleo Brasileiro SA Petrobras
(
), up 1.3%. Top gainers within the industry include
(
), up 13.2%,
TheStreet Recommends
(
), up 5.1%,
(
), up 2.7%,
(
), up 2.0% and
(
), up 1.9%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Energy industry lower today. As of noon trading, Marathon Petroleum is down $1.66 (-1.9%) to $87.46 on average volume. Thus far, 1.7 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $87.16-$90.24 after having opened the day at $90.05 as compared to the previous trading day's close of $89.12.
Marathon Petroleum Corporation, together with its subsidiaries, is engaged in refining, transporting, and marketing 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 $24.5 billion and is part of the basic materials sector. Shares are down 2.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Marathon Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Marathon Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Marathon Petroleum Ratings Report
now.
2. As of noon trading,
(
) is down $0.24 (-0.3%) to $77.30 on average volume. Thus far, 1.7 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $76.25-$78.97 after having opened the day at $78.68 as compared to the previous trading day's close of $77.53.
Phillips 66 operates as an energy manufacturing and logistics company. It operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. Phillips 66 has a market cap of $42.2 billion and is part of the basic materials sector. Shares are up 0.5% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Phillips 66
as a
. The company's strengths can be seen in multiple areas, such as its 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 deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
1. As of noon trading,
(
) is down $0.70 (-1.4%) to $48.79 on light volume. Thus far, 2.6 million shares of Valero Energy exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $48.43-$50.16 after having opened the day at $49.82 as compared to the previous trading day's close of $49.49.
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $25.5 billion and is part of the basic materials sector. Shares are down 1.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Valero Energy a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Valero Energy
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
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