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

Deutsche Bank AG trimmed its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 47.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 147,986 shares of the oil and gas company's stock after selling 136,138 shares during the period. Deutsche Bank AG owned approximately 0.17% of MRC Global worth $1,891,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EP Wealth Advisors LLC boosted its stake in MRC Global by 19.6% in 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 in the last quarter. Bridgeway Capital Management LLC boosted its stake 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 valued at $7,681,000 after purchasing an additional 217,874 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of MRC Global in the 4th quarter worth about $200,000. Bank of America Corp DE grew its holdings in shares of MRC Global by 24.1% in the 4th quarter. Bank of America Corp DE now owns 624,391 shares of the oil and gas company's stock worth $7,980,000 after purchasing an additional 121,368 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of MRC Global by 8.8% during the 4th quarter. BNP Paribas Financial Markets now owns 59,780 shares of the oil and gas company's stock worth $764,000 after purchasing an additional 4,831 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

MRC Global Price Performance

MRC traded up $0.02 during midday trading on Thursday, hitting $12.54. The company had a trading volume of 736,722 shares, compared to its average volume of 644,557. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.41. The company has a market capitalization of $1.08 billion, a PE ratio of 14.41 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. The firm's 50-day simple moving average is $11.56 and its 200-day simple moving average is $12.63.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of MRC Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus boosted their target price on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Susquehanna dropped their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Loop Capital cut their price objective 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.

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.