MRC Global Inc. (NYSE:MRC) SVP Robert Wayne Stein bought 1,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $14.37 per share, for a total transaction of $14,370.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of MRC Global Inc. (NYSE MRC) traded up $0.27 during trading hours on Friday, hitting $14.82. The stock had a trading volume of 832,601 shares, compared to its average volume of 908,048. MRC Global Inc. has a one year low of $14.01 and a one year high of $22.52. The company has a current ratio of 2.31, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57.

MRC Global announced that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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A number of analysts have issued reports on MRC shares. Cowen and Company set a $24.00 target price on MRC Global and gave the company a “buy” rating in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 target price on shares of MRC Global in a report on Sunday, September 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $21.00 target price on shares of MRC Global in a report on Monday, October 9th. Zacks Investment Research raised MRC Global from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, J P Morgan Chase & Co lowered their target price on MRC Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. MRC Global has a consensus rating of “Hold” and a consensus target price of $20.67.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of MRC Global by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 8,073,947 shares of the oil and gas company’s stock worth $147,994,000 after buying an additional 894,581 shares during the period. BlackRock Inc. lifted its position in shares of MRC Global by 8.9% during the 2nd quarter. BlackRock Inc. now owns 7,758,258 shares of the oil and gas company’s stock worth $128,164,000 after buying an additional 632,231 shares during the period. FMR LLC lifted its position in shares of MRC Global by 1.8% during the 2nd quarter. FMR LLC now owns 6,270,253 shares of the oil and gas company’s stock worth $103,585,000 after buying an additional 108,278 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of MRC Global by 0.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,781,986 shares of the oil and gas company’s stock worth $66,147,000 after buying an additional 17,140 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of MRC Global by 60.9% during the 3rd quarter. Citadel Advisors LLC now owns 3,078,500 shares of the oil and gas company’s stock worth $53,844,000 after buying an additional 1,164,950 shares during the period. 92.55% of the stock is currently owned by institutional investors.

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.

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