Barclays PLC Cuts Marathon Petroleum Corporation (MPC) Price Target to $62.00

The company declared its latest earnings report on Feb 15 AMC and will report its next earnings on 15-Feb-17. The stock has a market cap of $25.53 billion, a PE ratio of 22.77 and a beta of 1.79.

Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Wednesday, February 1st. Year-to-Date the stock performance stands at -4.16%. The company's institutional ownership is monitored at 83.8 percent. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. Now the stock is holding a "Buy" rating from 9 equity analysts.

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Marathon Oil Corporation (NYSE:MRO) has a mean revenue estimate for the ongoing quarter ending Dec 16 of $1.18B, according to 9 analysts. Taking a look into the performance of MPC stock, investor will come to know that the weekly performance for this stock is valued at -3.95%, resulting in a performance for the month at -5.24%. Recently, analysts have updated the overall rating to 2.5. Combining all the ratings on Marathon Oil Corporation (NYSE:MRO), the current mean is sitting at 2.3. For the week, the shares has seen a change of -4.71% in the share price.A block trade of $14.31 million in upticks and $0.73 million in downticks also took place during the day. In previous session, the price was settled at $48.05. The high end target price has shares touching $23 and the low end target estimate has the stock moving to $15 within the year. According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $-2.16. The company's revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS.

Turning to Morgan Stanley (NYSE:MS), its shares were trading at $42.49 a retreat of $-0.63, on the trading floor.

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Latest analyst recommendations could offer little help to investors.

There are numerous brokerage names which are spending time researching on this stock. Raymond James Financial, Inc. raised Marathon Petroleum Corporation from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $47.00 to $54.00 in a research report on Monday, October 31st. "Underperform" verdict was provided by 0 analysts and "Overweight" verdict was shared by 7 analysts. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company.

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