MRC Global Inc. (NYSE:MRC) Shares Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC raised its holdings in MRC Global Inc. (NYSE:MRC) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,162 shares of the oil and gas company’s stock after acquiring an additional 1,025 shares during the quarter. SummerHaven Investment Management LLC owned 0.08% of MRC Global worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of MRC Global by 24.9% in the 3rd quarter. American Century Companies Inc. now owns 1,989,178 shares of the oil and gas company’s stock worth $20,389,000 after purchasing an additional 397,145 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of MRC Global by 303.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,740 shares of the oil and gas company’s stock valued at $1,176,000 after buying an additional 86,333 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MRC Global by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,010,991 shares of the oil and gas company’s stock valued at $30,863,000 after acquiring an additional 561,706 shares during the last quarter. Luminus Management LLC bought a new stake in shares of MRC Global during the 3rd quarter worth $42,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of MRC Global by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,651 shares of the oil and gas company’s stock worth $12,778,000 after acquiring an additional 104,959 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stephens reaffirmed an “overweight” rating and set a $17.00 target price on shares of MRC Global in a report on Wednesday, February 14th. Susquehanna upped their price objective on shares of MRC Global from $13.00 to $15.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MRC Global has an average rating of “Buy” and a consensus target price of $15.33.

MRC Global Price Performance

MRC opened at $11.59 on Tuesday. MRC Global Inc. has a 12-month low of $8.15 and a 12-month high of $13.00. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $978.08 million, a P/E ratio of 11.14 and a beta of 1.99. The stock has a fifty day moving average of $12.14 and a 200-day moving average of $11.14.

MRC Global (NYSE:MRC) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The firm had revenue of $768.00 million during the quarter, compared to the consensus estimate of $810.52 million. During the same period in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts forecast that MRC Global Inc. will post 1 EPS for the current fiscal year.

MRC Global 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.