Miller Howard Investments Inc. NY reduced its position in MRC Global Inc. (NYSE:MRC) by 7.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 285,385 shares of the oil and gas company’s stock after selling 24,201 shares during the period. Miller Howard Investments Inc. NY owned 0.30% of MRC Global worth $4,715,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MRC. Suntrust Banks Inc. boosted its position in shares of MRC Global by 0.6% in the first quarter. Suntrust Banks Inc. now owns 18,092 shares of the oil and gas company’s stock worth $331,000 after buying an additional 111 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of MRC Global by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,569 shares of the oil and gas company’s stock worth $156,000 after buying an additional 321 shares in the last quarter. Aperio Group LLC boosted its position in shares of MRC Global by 3.0% in the second quarter. Aperio Group LLC now owns 24,078 shares of the oil and gas company’s stock worth $398,000 after buying an additional 698 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of MRC Global by 1.3% in the second quarter. Malaga Cove Capital LLC now owns 102,397 shares of the oil and gas company’s stock worth $1,701,000 after buying an additional 1,335 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of MRC Global by 2.6% in the first quarter. Strs Ohio now owns 58,200 shares of the oil and gas company’s stock worth $1,066,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 96.97% of the company’s stock.

Shares of MRC Global Inc. (MRC) opened at 16.10 on Monday. The stock’s 50 day moving average price is $16.50 and its 200-day moving average price is $18.58. The company’s market capitalization is $1.52 billion. MRC Global Inc. has a 1-year low of $13.50 and a 1-year high of $22.52.

MRC Global (NYSE:MRC) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $922 million for the quarter, compared to the consensus estimate of $916.82 million. MRC Global had a negative net margin of 1.40% and a positive return on equity of 0.39%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. On average, equities analysts predict that MRC Global Inc. will post $0.19 EPS for the current year.

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A number of equities analysts recently issued reports on the company. Wells Fargo & Company reiterated a “market perform” rating and issued a $17.00 target price (down from $20.00) on shares of MRC Global in a report on Wednesday, July 12th. UBS AG upgraded MRC Global from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 19th. Susquehanna Bancshares Inc assumed coverage on MRC Global in a research note on Tuesday, April 11th. They set a “positive” rating and a $23.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of MRC Global in a research note on Friday, May 26th. Finally, Stifel Nicolaus restated a “buy” rating on shares of MRC Global in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.75.

MRC Global Company Profile

MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

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

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