MRC Global Inc (MRC) Stake Lowered by Fmr LLC

Fmr LLC decreased its position in shares of MRC Global Inc (NYSE:MRC) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 4,914,192 shares of the oil and gas company’s stock after selling 387,919 shares during the period. Fmr LLC owned about 0.05% of MRC Global worth $106,490,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of MRC Global by 100.7% during the second quarter. GSA Capital Partners LLP now owns 105,861 shares of the oil and gas company’s stock valued at $2,294,000 after buying an additional 53,127 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of MRC Global by 0.3% during the first quarter. Wells Fargo & Company MN now owns 2,108,846 shares of the oil and gas company’s stock valued at $34,669,000 after buying an additional 6,383 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of MRC Global by 10.3% during the first quarter. Principal Financial Group Inc. now owns 45,544 shares of the oil and gas company’s stock valued at $749,000 after buying an additional 4,235 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of MRC Global by 54.6% during the first quarter. Xact Kapitalforvaltning AB now owns 16,711 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 5,900 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of MRC Global by 28.5% during the first quarter. Royal Bank of Canada now owns 91,709 shares of the oil and gas company’s stock valued at $1,508,000 after buying an additional 20,344 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Shares of MRC stock opened at $19.45 on Monday. MRC Global Inc has a 12-month low of $14.01 and a 12-month high of $22.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 2.43. The company has a market capitalization of $1.76 billion, a P/E ratio of 648.33, a P/E/G ratio of 1.85 and a beta of 1.59.

MRC Global (NYSE:MRC) last issued its earnings results on Wednesday, August 1st. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). MRC Global had a return on equity of 7.00% and a net margin of 1.97%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities analysts predict that MRC Global Inc will post 0.7 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of MRC Global from $21.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 3rd. ValuEngine upgraded shares of MRC Global from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Northcoast Research began coverage on shares of MRC Global in a report on Tuesday, July 31st. They issued a “buy” rating and a $26.00 target price on the stock. TheStreet upgraded shares of MRC Global from a “c+” rating to a “b-” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research cut shares of MRC Global from a “strong-buy” rating to a “hold” rating in a report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. MRC Global currently has an average rating of “Buy” and an average price target of $22.43.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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