Energy Stocks On The Rise With Help From 3 Stocks

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 78 points (0.5%) at 16,438 as of Thursday, March 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,775 issues advancing vs. 1,148 declining with 152 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Petroleo Brasileiro SA Petrobras ( PBR), up 2.4%, Ecopetrol S.A ( EC), up 2.1%, Halliburton Company ( HAL), up 1.5%, Canadian Natural Resources ( CNQ), up 1.2% and Schlumberger ( SLB), up 1.0%.

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

3. Phillips 66 ( PSX) is one of the companies pushing the Energy industry higher today. As of noon trading, Phillips 66 is up $1.35 (1.8%) to $78.16 on average volume. Thus far, 1.4 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 $76.95-$78.42 after having opened the day at $76.95 as compared to the previous trading day's close of $76.81.

Phillips 66 operates as an energy manufacturing and logistics company. It operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. Phillips 66 has a market cap of $44.7 billion and is part of the basic materials sector. Shares are down 1.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 3 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 increase in stock price during the past year, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and disappointing return on equity. 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.

2. As of noon trading, Marathon Petroleum ( MPC) is up $3.42 (4.0%) to $89.60 on average volume. Thus far, 2.1 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $86.51-$89.63 after having opened the day at $86.52 as compared to the previous trading day's close of $86.18.

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 $24.9 billion and is part of the basic materials sector. Shares are down 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Marathon Petroleum a buy, no analysts rate 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 robust revenue growth, 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 shows low profit margins. Get the full Marathon Petroleum 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.

1. As of noon trading, Valero Energy Corporation ( VLO) is up $1.73 (3.4%) to $52.01 on average volume. Thus far, 5.0 million shares of Valero Energy Corporation exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $50.45-$52.50 after having opened the day at $50.46 as compared to the previous trading day's close of $50.28.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. Valero Energy Corporation has a market cap of $26.2 billion and is part of the basic materials sector. Shares are down 2.3% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Valero Energy Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Valero Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, 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 shows low profit margins. Get the full Valero Energy Corporation 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.

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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