Deutsche Bank AG Sells 136,138 Shares of MRC Global Inc. (NYSE:MRC)

Deutsche Bank AG lowered its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,986 shares of the oil and gas company's stock after selling 136,138 shares during the quarter. Deutsche Bank AG owned about 0.17% of MRC Global worth $1,891,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC raised its holdings in MRC Global by 19.6% during the 4th quarter. EP Wealth Advisors LLC now owns 15,682 shares of the oil and gas company's stock valued at $200,000 after buying an additional 2,567 shares during the period. Bridgeway Capital Management LLC grew its position in shares of MRC Global by 56.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 601,014 shares of the oil and gas company's stock worth $7,681,000 after buying an additional 217,874 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of MRC Global during the fourth quarter worth about $200,000. Bank of America Corp DE grew its stake in MRC Global by 24.1% during the 4th quarter. Bank of America Corp DE now owns 624,391 shares of the oil and gas company's stock valued at $7,980,000 after purchasing an additional 121,368 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in MRC Global by 8.8% in the fourth quarter. BNP Paribas Financial Markets now owns 59,780 shares of the oil and gas company's stock valued at $764,000 after purchasing an additional 4,831 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Trading Down 0.6%

MRC traded down $0.07 during trading on Wednesday, reaching $12.55. The company had a trading volume of 176,316 shares, compared to its average volume of 641,028. The firm's 50-day simple moving average is $11.54 and its 200 day simple moving average is $12.64. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.41. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.50 and a beta of 1.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $712.00 million during the quarter, compared to analysts' expectations of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm's revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. Equities research analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus increased their price objective 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. Wall Street Zen lowered shares of MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Loop Capital lowered their price objective on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Susquehanna reduced their target price on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research note on Monday, April 14th.

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.