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. The Dow Jones Industrial Average ( ^DJI) is trading down 91.0 points (-0.6%) at 14,774 as of Monday, Apr 15, 2013, 11:35 a.m. ET. During this time, 224.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600 million. The NYSE advances/declines ratio sits at 512 issues advancing vs. 2,408 declining with 108 unchanged.
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Holding back the Dow today is Chevron (NYSE: CVX), which is lagging the broader Dow index with a $2.44 decline (-2%) bringing the stock to $117.50. This single loss is lowering the Dow Jones Industrial Average by 18.47 points or roughly accounting for 20.3% of the Dow's overall loss. Volume for Chevron currently sits at 2.8 million shares traded vs. an average daily trading volume of 5.5 million shares. Chevron has a market cap of $234.97 billion and is part of the basic materials sector and energy industry. Shares are up 10.9% year to date as of Friday's close. The stock's dividend yield sits at 3%. Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.