Barclays Maintains an 'Overweight' on Marathon Petroleum (MPC); EPS Revision

Barclays maintains an 'Overweight' on Marathon Petroleum (NYSE: MPC), PT $51.

Barclays analyst says, "We fine-tune our EPS estimates for MPC following the company's release of the Investor Relations packet as well as final mark-to-market on our commodity price deck...We lower our 2Q11 EPS estimate to $2.46 from $2.54, while raising our 3Q11 and 4Q11 EPS estimates to $1.78 and $1.77 from $1.76 and $1.72, respectively...We keep our 2011 and 2012 EPS estimates unchanged at $7.50 and $5.45, respectively."

For more ratings news on Marathon Petroleum click here and for the rating history of Marathon Petroleum click here.

Shares of Marathon Petroleum closed at $39.12 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Phillips 66, Marathon Merger Talks Collapsed - Semafor
• Marathon Petroleum (MPC) PT Raised to $304 at Mizuho
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy