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. All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 83 points (0.5%) at 16,304 as of Monday, Dec. 23, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,307 issues advancing vs. 673 declining with 118 unchanged. The Basic Materials sector currently sits up 0.9% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Regency Energy Partners ( RGP), up 10.8%, Energy Transfer Equity ( ETE), up 3.0%, Energy Transfer Partners L.P ( ETP), up 2.7%, Williams Companies ( WMB), up 2.4% and Potash Corporation of Saskatchewan ( POT), up 2.1%. TheStreet would like to highlight 5 stocks pushing the sector higher today: 5. Phillips 66 ( PSX) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Phillips 66 is up $1.02 (1.4%) to $75.04 on light volume. Thus far, 1.0 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $74.48-$75.39 after having opened the day at $74.55 as compared to the previous trading day's close of $74.03. 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 $43.7 billion and is part of the energy industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 5 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins. Get the full Phillips 66 Ratings Report now. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.