Barclays PLC Buys 100,384 Shares of MRC Global Inc. (NYSE:MRC)

Barclays PLC raised its stake in MRC Global Inc. (NYSE:MRC) by 197.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 151,169 shares of the oil and gas company’s stock after purchasing an additional 100,384 shares during the quarter. Barclays PLC owned 0.18% of MRC Global worth $1,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of MRC Global by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 416,182 shares of the oil and gas company’s stock worth $5,373,000 after purchasing an additional 37,557 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of MRC Global in the 2nd quarter worth approximately $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MRC Global by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,532 shares of the oil and gas company’s stock valued at $317,000 after acquiring an additional 2,176 shares in the last quarter. Innealta Capital LLC bought a new position in shares of MRC Global during the second quarter valued at approximately $45,000. Finally, nVerses Capital LLC bought a new stake in MRC Global in the second quarter valued at $70,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

MRC has been the subject of several research reports. Susquehanna upped their price objective on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th.

MRC Global Trading Up 0.7 %

Shares of NYSE MRC opened at $12.89 on Friday. MRC Global Inc. has a 1 year low of $9.77 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The firm has a 50-day moving average of $13.23 and a 200 day moving average of $12.96. The stock has a market cap of $1.10 billion, a P/E ratio of 14.82 and a beta of 1.97.

MRC Global (NYSE:MRC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts expect that MRC Global Inc. will post 0.85 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.