All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 190 points (1.1%) at 17,885 as of Thursday, June 30, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,197 issues advancing vs. 767 declining with 136 unchanged.

The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is up 1.0%. Top gainers within the sector include Vale ( VALE), up 4.2%, Hess ( HES), up 3.1%, Statoil ASA ( STO), up 2.7%, Newmont Mining ( NEM), up 2.5% and PetroChina ( PTR), up 1.5%.

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

3. Energy Transfer Equity ( ETE) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Energy Transfer Equity is down $0.25 (-1.7%) to $14.45 on light volume. Thus far, 4.5 million shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $14.26-$14.81 after having opened the day at $14.62 as compared to the previous trading day's close of $14.70.

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Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. Energy Transfer Equity has a market cap of $15.1 billion and is part of the energy industry. Shares are up 7.0% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Energy Transfer Equity as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full Energy Transfer Equity Ratings Report now.

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2. As of noon trading, Valero Energy ( VLO) is down $1.27 (-2.5%) to $50.65 on heavy volume. Thus far, 5.0 million shares of Valero Energy exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $49.91-$51.94 after having opened the day at $51.83 as compared to the previous trading day's close of $51.92.

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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 $24.3 billion and is part of the energy industry. Shares are down 26.6% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Valero Energy a buy, no analysts rate it a sell, and 5 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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Valero Energy Ratings Report now.

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1. As of noon trading, Devon Energy ( DVN) is down $0.50 (-1.4%) to $36.19 on light volume. Thus far, 3.0 million shares of Devon Energy exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $35.82-$36.79 after having opened the day at $36.59 as compared to the previous trading day's close of $36.69.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It operates approximately 19,000 wells. Devon Energy has a market cap of $18.9 billion and is part of the energy industry. Shares are up 14.7% year-to-date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Devon Energy a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Devon Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. Get the full Devon Energy 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).