MRC Global Inc. (NYSE:MRC) Shares Purchased by Comerica Bank

Comerica Bank increased its stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 140.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,760 shares of the oil and gas company's stock after buying an additional 40,213 shares during the quarter. Comerica Bank owned about 0.08% of MRC Global worth $879,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of MRC Global during the fourth quarter valued at $34,000. Sterling Capital Management LLC grew its holdings in shares of MRC Global by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock valued at $34,000 after buying an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of MRC Global during the fourth quarter valued at $56,000. Longboard Asset Management LP purchased a new stake in MRC Global in the fourth quarter valued at $134,000. Finally, Ieq Capital LLC purchased a new stake in MRC Global in the fourth quarter valued at $187,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Loop Capital lowered their price target on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. StockNews.com lowered shares of MRC Global from a "buy" rating to a "hold" rating in a report on Thursday. Susquehanna lowered their price target on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus upped their price target on shares of MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, May 8th.

MRC Global Price Performance

Shares of MRC Global stock traded down $0.04 during trading hours on Friday, reaching $12.81. The stock had a trading volume of 675,515 shares, compared to its average volume of 642,701. The stock's 50 day moving average is $11.43 and its 200 day moving average is $12.66. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.72 and a beta of 1.63. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.41. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $712.00 million during the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

About MRC Global

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.