American Century Companies Inc. Purchases 754,376 Shares of MRC Global Inc. (NYSE:MRC)

American Century Companies Inc. grew its position in MRC Global Inc. (NYSE:MRC) by 167.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,205,172 shares of the oil and gas company’s stock after acquiring an additional 754,376 shares during the quarter. American Century Companies Inc. owned 1.42% of MRC Global worth $15,559,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in MRC Global in the fourth quarter worth $122,000. BNP Paribas Financial Markets boosted its position in shares of MRC Global by 12.3% during the 4th quarter. BNP Paribas Financial Markets now owns 75,434 shares of the oil and gas company’s stock valued at $831,000 after acquiring an additional 8,291 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MRC Global by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,327,337 shares of the oil and gas company’s stock valued at $36,635,000 after acquiring an additional 36,845 shares during the period. Trexquant Investment LP acquired a new position in MRC Global in the fourth quarter worth about $319,000. Finally, Aigen Investment Management LP lifted its stake in MRC Global by 8.4% during the fourth quarter. Aigen Investment Management LP now owns 46,876 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 3,618 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MRC shares. Susquehanna reissued a “positive” rating and issued a $16.00 target price on shares of MRC Global in a report on Wednesday, June 26th. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th.

MRC Global Stock Down 2.5 %

Shares of MRC opened at $12.45 on Friday. The company has a market capitalization of $1.06 billion, a P/E ratio of 14.48 and a beta of 1.97. MRC Global Inc. has a one year low of $9.47 and a one year high of $14.91. The business’s 50 day simple moving average is $13.04 and its 200-day simple moving average is $12.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.10.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The company had revenue of $832.00 million for the quarter, compared to analyst estimates of $831.32 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts predict that MRC Global Inc. will post 0.91 EPS for the current fiscal year.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.