3 Stocks Pushing The Energy Industry Downward

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 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include HollyFrontier ( HFC), down 8.2%, Statoil ASA ( STO), down 1.4%, Exxon Mobil Corporation ( XOM), down 1.0%, Petroleo Brasileiro SA Petrobras ( PBR), down 1.0% and Total ( TOT), down 0.7%. Top gainers within the industry include Pioneer Natural Resources ( PXD), up 3.8%, Continental Resources ( CLR), up 2.7%, EOG Resources ( EOG), up 2.0%, Enterprise Products Partners ( EPD), up 1.4% and ConocoPhillips ( COP), up 0.8%.

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

3. Phillips 66 ( PSX) is one of the companies pushing the Energy industry lower today. As of noon trading, Phillips 66 is down $4.33 (-5.1%) to $80.61 on heavy volume. Thus far, 5.8 million 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 $79.16-$82.66 after having opened the day at $80.95 as compared to the previous trading day's close of $84.94.

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 $48.6 billion and is part of the basic materials sector. Shares are up 10.1% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that 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.

STOCKS TO BUY: 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, Valero Energy ( VLO) is down $5.78 (-10.3%) to $50.21 on heavy volume. Thus far, 25.9 million shares of Valero Energy exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $50.03-$52.23 after having opened the day at $51.80 as compared to the previous trading day's close of $55.99.

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $30.6 billion and is part of the basic materials sector. Shares are up 11.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Valero Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Valero Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Valero Energy Ratings Report now.

STOCKS TO BUY: 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, Chevron ( CVX) is down $0.72 (-0.5%) to $131.05 on average volume. Thus far, 3.4 million shares of Chevron exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $131.04-$132.36 after having opened the day at $131.34 as compared to the previous trading day's close of $131.77.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $251.9 billion and is part of the basic materials sector. Shares are up 5.5% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Chevron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Chevron Ratings Report now.

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 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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