One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 25 points (0.1%) at 17,526 as of Monday, May 23, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,545 issues advancing vs. 1,371 declining with 153 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras ( PBR), down 5.0%, Energy Transfer Equity ( ETE), down 2.4%, BP ( BP), down 1.3%, Royal Dutch Shell ( RDS.A), down 1.1% and Total ( TOT), down 0.9%. Top gainers within the sector include Enable Midstream Partners ( ENBL), up 6.1%, Israel Chemicals ( ICL), up 5.6%, Monsanto ( MON), up 5.5%, Potash Corp of Saskatchewan ( POT), up 3.6% and Alcoa ( AA), up 2.4%.

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

3. Statoil ASA ( STO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Statoil ASA is down $0.21 (-1.3%) to $16.06 on average volume. Thus far, 1.8 million shares of Statoil ASA exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $15.87-$16.12 after having opened the day at $15.89 as compared to the previous trading day's close of $16.27.

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Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. Statoil ASA has a market cap of $51.5 billion and is part of the energy industry. Shares are up 16.6% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Statoil ASA a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Statoil ASA as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Statoil ASA Ratings Report now.

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2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.32 (-6.5%) to $4.70 on average volume. Thus far, 5.8 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $4.68-$4.83 after having opened the day at $4.77 as compared to the previous trading day's close of $5.03.

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Petroleo Brasileiro S.A. - Petrobras operates as an integrated energy company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $32.4 billion and is part of the energy industry. Shares are up 47.9% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

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1. As of noon trading, Exxon Mobil ( XOM) is down $0.45 (-0.5%) to $89.29 on average volume. Thus far, 4.9 million shares of Exxon Mobil exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $88.82-$89.90 after having opened the day at $89.00 as compared to the previous trading day's close of $89.74.

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. Exxon Mobil has a market cap of $373.7 billion and is part of the energy industry. Shares are up 15.1% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Exxon Mobil a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Exxon Mobil as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow. Get the full Exxon Mobil Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).