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.

If you liked this article you might like

Why Defense Stocks Might Soon Crater Your Portfolio: Market Recon

How Mexico and South America Will Feel Brutal Pain From Harvey

Hurricane Harvey Shuts Pipeline, Ups Gasoline Prices and Prompts Reserve Release

Department of Energy Providing 500,000 Barrels of Crude to Cope With Harvey

How Boards Prepare for an Unpredictable Crisis