Halftime Report Trader: Buy this energy stock despite oil slide

A Marathon gas station in Chicago.
Getty Images
A Marathon gas station in Chicago.

CNBC "Halftime Report" trader Jim Lebenthal is buying an energy stock he believes will move higher regardless of the direction of oil prices.

In the past month, the value of WTI crude oil has sharply sold off, down about 20 percent to $48 per barrel, on the back of oversupply concerns paired with tepid economic growth, particularly in China.

But as the commodity rolls over, the chief investment officer of Lebenthal Asset Management is selling shares of BP in favor of Marathon Petroleum for his model portfolio.

Contact Investing


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about our products and service. Privacy Policy.