Insider Selling: MRC Global Inc. (NYSE:MRC) Insider Sells $474,950.00 in Stock

MRC Global Inc. (NYSE:MRC) insider Grant R. Bates sold 35,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $13.57, for a total transaction of $474,950.00. Following the transaction, the insider now directly owns 110,191 shares in the company, valued at $1,495,291.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MRC Global Stock Down 1.7 %

Shares of NYSE:MRC opened at $13.14 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 15.28 and a beta of 2.01. The firm’s 50-day simple moving average is $12.44 and its 200-day simple moving average is $11.43. The company has a quick ratio of 0.81, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. MRC Global Inc. has a fifty-two week low of $8.15 and a fifty-two week high of $14.02.

MRC Global (NYSE:MRC) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $806.00 million for the quarter, compared to the consensus estimate of $760.76 million. MRC Global had a net margin of 2.97% and a return on equity of 23.60%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, equities research analysts predict that MRC Global Inc. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com raised shares of MRC Global from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th. Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of MRC Global in a research report on Wednesday, February 14th. Finally, Susquehanna raised their price objective on shares of MRC Global from $15.00 to $16.00 and gave the stock a “positive” rating in a research report on Friday, May 10th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $15.67.

Institutional Trading of MRC Global

Institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new stake in MRC Global during the third quarter worth about $33,000. Luminus Management LLC purchased a new stake in MRC Global during the third quarter worth about $42,000. New York State Teachers Retirement System purchased a new stake in MRC Global during the first quarter worth about $94,000. Mackenzie Financial Corp purchased a new stake in MRC Global during the fourth quarter worth about $120,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in MRC Global during the fourth quarter worth about $122,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.