3 Energy Stocks Dragging The Industry Down

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Energy industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Tenaris ( TS), down 3.5%, Range Resources ( RRC), down 3.2%, Weatherford International ( WFT), down 1.9%, Energy Transfer Equity ( ETE), down 0.9% and Statoil ASA ( STO), down 0.8%. A company within the industry that increased today was China Petroleum & Chemical ( SNP), up 1.8%.

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

3. Marathon Petroleum ( MPC) is one of the companies pushing the Energy industry lower today. As of noon trading, Marathon Petroleum is down $2.23 (-2.5%) to $85.27 on average volume. Thus far, 2.1 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $85.20-$87.55 after having opened the day at $87.50 as compared to the previous trading day's close of $87.50.

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 $25.3 billion and is part of the basic materials sector. Shares are down 4.6% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that 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.

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