Dow Jones (DJIA) Today: Chevron (CVX) Lower

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.

The Dow Jones Industrial Average ( ^DJI) is trading up 11 points at 17,024 as of Wednesday, Sep 10, 2014, 11:36 a.m. ET. During this time, 94.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 296.5 million. The NYSE advances/declines ratio sits at 1,142 issues advancing vs. 1,795 declining with 166 unchanged.
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Holding back the Dow today is Chevron (NYSE: CVX), which is lagging the broader Dow index with a $1.59 decline (-1.3%) bringing the stock to $123.59. Volume for Chevron currently sits at four million shares traded vs. an average daily trading volume of 5.1 million shares.

Chevron has a market cap of $239.66 billion and is part of the basic materials sector and energy industry. Shares are up 0.2% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3.4%.

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.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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