3 Stocks Advancing The Energy Industry

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 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.5%. Top gainers within the industry include China Petroleum & Chemical Corporation ( SNP), up 3.1%, Energy Transfer Equity ( ETE), up 3.0%, Valero Energy Corporation ( VLO), up 1.8%, ConocoPhillips ( COP), up 1.3% and Total ( TOT), up 1.2%. On the negative front, top decliners within the industry include Diamond Offshore Drilling ( DO), down 4.8%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 2.0% and Ecopetrol S.A ( EC), down 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 $0.85 (1.1%) to $78.41 on light volume. Thus far, 1.1 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $77.23-$78.51 after having opened the day at $78.03 as compared to the previous trading day's close of $77.56.

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 $44.2 billion and is part of the basic materials sector. Shares are up 0.6% year-to-date as of the close of trading on Tuesday. 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 solid stock price performance, 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.

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