BNP Paribas Financial Markets Cuts Stock Holdings in MRC Global Inc. (NYSE:MRC)

BNP Paribas Financial Markets reduced its stake in MRC Global Inc. (NYSE:MRC) by 33.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,949 shares of the oil and gas company’s stock after selling 27,602 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of MRC Global worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MRC. CWM LLC boosted its holdings in shares of MRC Global by 308.2% in the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,951 shares in the last quarter. Innealta Capital LLC bought a new stake in MRC Global in the 2nd quarter worth approximately $45,000. DekaBank Deutsche Girozentrale purchased a new stake in MRC Global in the second quarter worth approximately $56,000. Canada Pension Plan Investment Board bought a new position in MRC Global during the second quarter valued at approximately $56,000. Finally, nVerses Capital LLC purchased a new position in shares of MRC Global during the second quarter worth approximately $70,000. 94.97% of the stock is currently owned by institutional investors.

MRC Global Price Performance

Shares of MRC opened at $13.41 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of 15.41 and a beta of 1.97. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $13.19 and a two-hundred day simple moving average of $12.97. MRC Global Inc. has a 1-year low of $9.77 and a 1-year high of $14.91.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. During the same period in the prior year, the business posted $0.32 EPS. MRC Global’s revenue was down 10.2% on a year-over-year basis. On average, equities analysts anticipate that MRC Global Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

MRC has been the topic of a number of analyst reports. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna lifted their target price on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus upped their price target on shares of MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

About MRC Global

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.