MRC Global Inc. (NYSE:MRC) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in MRC Global Inc. (NYSE:MRC) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,976 shares of the oil and gas company’s stock after acquiring an additional 20,406 shares during the period. Fmr LLC owned about 0.12% of MRC Global worth $1,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MRC. Pzena Investment Management LLC boosted its stake in shares of MRC Global by 0.4% in the third quarter. Pzena Investment Management LLC now owns 5,770,791 shares of the oil and gas company’s stock valued at $73,520,000 after purchasing an additional 20,407 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MRC Global by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,689,511 shares of the oil and gas company’s stock worth $47,629,000 after buying an additional 97,445 shares in the last quarter. Victory Capital Management Inc. boosted its position in MRC Global by 2.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,369,515 shares of the oil and gas company’s stock valued at $17,448,000 after buying an additional 26,619 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of MRC Global by 18.9% during the second quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company’s stock valued at $16,636,000 after acquiring an additional 204,600 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of MRC Global by 167.3% during the second quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company’s stock worth $15,559,000 after acquiring an additional 754,376 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MRC shares. Stifel Nicolaus increased their price target on MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Susquehanna raised their price target on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th.

MRC Global Trading Up 0.4 %

NYSE:MRC opened at $13.27 on Tuesday. The company has a market cap of $1.13 billion, a PE ratio of 15.25 and a beta of 1.97. The business’s 50 day moving average is $13.21 and its two-hundred day moving average is $12.97. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a 52 week low of $9.77 and a 52 week high of $14.91.

MRC Global (NYSE:MRC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (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 for the quarter, compared to analysts’ expectations of $794.17 million. During the same period last year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts predict that MRC Global Inc. will post 0.85 EPS for the current 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.