Marathon Petroleum Corp (MPC): Today's Featured Basic Materials Laggard

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.

Marathon Petroleum ( MPC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Marathon Petroleum fell $1.26 (-1.4%) to $88.22 on light volume. Throughout the day, 2,039,539 shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3,708,900 shares. The stock ranged in price between $87.78-$90.25 after having opened the day at $89.79 as compared to the previous trading day's close of $89.48. Other companies within the Basic Materials sector that declined today were: Golden Minerals ( AUMN), down 9.7%, Camac Energy ( CAK), down 9.2%, USEC ( USU), down 7.3% and WSP Holdings ( WH), down 6.5%.

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 $27.6 billion and is part of the energy industry. Shares are down 2.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Marathon Petroleum a buy, no analysts rate it a sell, and 4 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 robust revenue growth, solid stock price performance, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, China Natural Resources ( CHNR), up 116.0%, Sinocoking Coal and Coke Chemicals ( SCOK), up 17.8%, Quaterra Resources ( QMM), up 17.7% and Tonix Pharmaceuticals ( TNXP), up 11.7% , were all gainers within the basic materials sector with Oceaneering International ( OII) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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 liked this article you might like

Healthcare Trust of America, Marathon Petroleum: 'Mad Money' Lightning Round

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Why Defense Stocks Might Soon Crater Your Portfolio: Market Recon

BP Files for IPO of U.S. Pipeline Assets

Hurricane Irma Makes Landfall in Florida