MPC, PSX And CVX, 3 Energy Stocks Pushing The Industry Lower

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include PetroChina ( PTR), down 1.1%, and Exxon Mobil Corporation ( XOM), down 1.3%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Marathon Petroleum ( MPC) is one of the companies pushing the Energy industry lower today. As of noon trading, Marathon Petroleum is down $3.17 (-4.2%) to $71.92 on average volume. Thus far, 2.1 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $71.55-$74.17 after having opened the day at $73.88 as compared to the previous trading day's close of $75.09.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. It operates through Refining & Marketing, Speedway, and Pipeline Transportation segments. Marathon Petroleum has a market cap of $23.8 billion and is part of the basic materials sector. Shares are up 16.4% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Marathon Petroleum a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Marathon Petroleum as a buy. 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 compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Marathon Petroleum Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Phillips 66 ( PSX) is down $1.54 (-2.5%) to $58.98 on average volume. Thus far, 2.9 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $58.07-$60.13 after having opened the day at $60.08 as compared to the previous trading day's close of $60.52.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $38.1 billion and is part of the basic materials sector. Shares are up 15.8% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Phillips 66 Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Chevron ( CVX) is down $2.85 (-2.2%) to $123.59 on average volume. Thus far, 3.7 million shares of Chevron exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $123.30-$125.10 after having opened the day at $124.87 as compared to the previous trading day's close of $126.44.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $244.0 billion and is part of the basic materials sector. Shares are up 16.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Chevron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Chevron Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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 Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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