5 Stocks Pushing The Basic Materials Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.8%) at 14,004 as of Wednesday, Feb. 27, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 2,181 issues advancing vs. 685 declining with 127 unchanged.

The Basic Materials sector currently sits up 0.8% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Range Resources Corporation ( RRC), up 3.7%, HollyFrontier ( HFC), up 3.4%, Tenaris ( TS), up 3.2%, Anadarko Petroleum ( APC), up 2.9% and Eastman Chemical Company ( EMN), up 3.3%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 2.0%, Goldcorp ( GG), down 1.3%, Newmont Mining Corporation ( NEM), down 1.4% and Barrick Gold Corporation ( ABX), down 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Marathon Petroleum ( MPC) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Marathon Petroleum is up $1.90 (2.4%) to $82.45 on light volume Thus far, 855,118 shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $80.18-$82.49 after having opened the day at $80.38 as compared to the previous trading day's close of $80.55.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. Marathon Petroleum has a market cap of $26.9 billion and is part of the energy industry. The company has a P/E ratio of 8.1, below the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Marathon Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Marathon Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Marathon Petroleum Ratings Report now.

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