MRC Global Inc. (NYSE:MRC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,827,433 shares of the oil and gas company's stock after acquiring an additional 164,973 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.49% of MRC Global worth $48,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank bought a new position in shares of MRC Global in the fourth quarter worth about $34,000. Sterling Capital Management LLC grew its stake in MRC Global by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 2,406 shares in the last quarter. Meeder Asset Management Inc. bought a new position in MRC Global in the 4th quarter worth about $56,000. Longboard Asset Management LP purchased a new position in shares of MRC Global during the fourth quarter worth approximately $134,000. Finally, Ieq Capital LLC purchased a new stake in shares of MRC Global in the fourth quarter valued at approximately $187,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MRC shares. Loop Capital decreased their target price on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Susquehanna decreased their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. StockNews.com upgraded shares of MRC Global from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Stifel Nicolaus boosted 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.

MRC Global Stock Up 3.8 %

Shares of MRC Global stock traded up $0.44 during trading on Thursday, reaching $11.91. The company's stock had a trading volume of 149,295 shares, compared to its average volume of 642,683. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The company has a 50-day simple moving average of $11.24 and a two-hundred day simple moving average of $12.64. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 13.69 and a beta of 1.63.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $710.00 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company's revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current year.

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.