Chevron, Caterpillar, Exxon: Dow Midday Movers

NEW YORK ( TheStreet) -- U.S. stocks were falling midday Tuesday as as investors dealt with data showing a decline in small business confidence and growing trepidation over Spain's economic stability.

The Dow Jones Industrial Average fell 118.86 points to 12,810.73. Leading the Dow lower were Chevron ( CVX), Caterpillar ( CAT) and Exxon Mobil ( XOM).

Shares of Chevron fell 1.53% to $101.91. In the news Tuesday, BP ( BP) is in the process of signing a production-sharing agreement with energy company Socar this year regarding the Azeri-Chirag-Guneshli fields, according to Reuters. Chevron is a member of the ACG project.

TheStreet Ratings gives Chevron an A grade with a buy rating and a $131.76 price target.

Exxon is also a part of the ACG. Its shares declined 1.51% to $82.61.

Exxon gets a B+ grade with a buy rating and $102.26 price target from TheStreet Ratings.

Caterpillar shares lost 2.49% to $100.99. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $122.28 price target.

The biggest gainers in the index midday were Pfizer ( PFE) and Hewlett-Packard ( HPQ).

Pfizer shares rose 1.02% to $22.27. In the news Tuesday, a federal appellate court said that Pfizer can face liability lawsuits from asbestos in insulating products that were made by its subsidiary Quigley, Reuters reported.

TheStreet Ratings gives Pfizer an A- grade with a buy rating and $28.18 price target.

Shares of HP increased 1.69% to $23.53. TheStreet Ratings gives HP a C+ grade and a hold rating.

-- Written by Alexandra Zendrian

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