3 Energy Stocks Driving The Industry Higher

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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 3.1%, Ecopetrol ( EC), up 1.5%, Noble Energy ( NBL), up 1.4%, Schlumberger ( SLB), up 1.1% and Valero Energy ( VLO), up 1.0%. On the negative front, top decliners within the industry include Enbridge ( ENB), down 1.2%, and ConocoPhillips ( COP), down 0.5%.

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 $0.82 (1.0%) to $83.81 on light volume. Thus far, 875,365 shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $82.82-$83.86 after having opened the day at $83.24 as compared to the previous trading day's close of $82.99.

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 $46.5 billion and is part of the basic materials sector. Shares are up 7.6% 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Phillips 66 Ratings Report now.

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2. As of noon trading, Pioneer Natural Resources ( PXD) is up $5.84 (2.9%) to $208.80 on average volume. Thus far, 762,728 shares of Pioneer Natural Resources exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $203.50-$209.78 after having opened the day at $204.29 as compared to the previous trading day's close of $202.96.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources has a market cap of $29.1 billion and is part of the basic materials sector. Shares are up 10.3% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate Pioneer Natural Resources a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Pioneer Natural Resources 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, Marathon Petroleum ( MPC) is up $1.43 (1.6%) to $88.80 on light volume. Thus far, 1.0 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $87.03-$88.92 after having opened the day at $88.45 as compared to the previous trading day's close of $87.37.

Marathon Petroleum Corporation, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $25.1 billion and is part of the basic materials sector. Shares are down 4.8% 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 reasonable valuation levels, increase in stock price during the past year 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. 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.

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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