Chevron Corp (CVX): Today's Featured Energy Laggard

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Chevron ( CVX) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Chevron fell $1.63 (-1.3%) to $122.03 on average volume. Throughout the day, 5,520,376 shares of Chevron exchanged hands as compared to its average daily volume of 5,943,700 shares. The stock ranged in price between $121.80-$123.89 after having opened the day at $123.82 as compared to the previous trading day's close of $123.66. Other companies within the Energy industry that declined today were: KiOR ( KIOR), down 12.8%, Genie Energy Ltd Class B ( GNE), down 10.1%, PDC Energy ( PDCE), down 9.3% and Goodrich Petroleum ( GDP), down 7.8%.

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 $237.2 billion and is part of the basic materials sector. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 14.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Hugoton Royalty ( HGT), up 7.5%, Miller Energy Resources ( MILL), up 5.9%, Panhandle Oil and Gas ( PHX), up 5.1% and Basic Energy Services ( BAS), up 2.8%.

For investors not wanting singular stock exposure, 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).

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