EntryPoint Capital LLC Invests $483,000 in MRC Global Inc. $MRC

Key Points

• EntryPoint Capital LLC has invested approximately $483,000 in MRC Global Inc., acquiring 42,106 shares in the first quarter.
• Several institutional investors have significantly increased their holdings in MRC Global, with Lord Abbett & CO. LLC raising its stake by 336% during the same quarter.
• MRC Global reported earnings of $0.25 per share for the last quarter, exceeding analyst expectations, but experienced a 4.1% decline in revenue compared to the previous year.

EntryPoint Capital LLC bought a new position in MRC Global Inc. (NYSE:MRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,106 shares of the oil and gas company's stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MRC. Dimensional Fund Advisors LP raised its holdings in MRC Global by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,827,433 shares of the oil and gas company's stock valued at $48,914,000 after buying an additional 164,973 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in MRC Global by 336.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 3,498,499 shares of the oil and gas company's stock valued at $40,163,000 after buying an additional 2,696,044 shares during the last quarter. Wellington Management Group LLP raised its holdings in MRC Global by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 3,105,144 shares of the oil and gas company's stock valued at $35,647,000 after buying an additional 158,338 shares during the last quarter. American Century Companies Inc. raised its holdings in MRC Global by 14.2% in the 1st quarter. American Century Companies Inc. now owns 2,605,756 shares of the oil and gas company's stock valued at $29,914,000 after buying an additional 324,110 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MRC Global by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,261,364 shares of the oil and gas company's stock valued at $28,900,000 after buying an additional 121,601 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

MRC Global Stock Performance

NYSE:MRC opened at $13.9170 on Thursday. The company has a market capitalization of $1.18 billion, a PE ratio of -57.99 and a beta of 1.65. The company has a 50 day simple moving average of $13.68 and a two-hundred day simple moving average of $12.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.84. MRC Global Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.59.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $798.00 million during the quarter, compared to the consensus estimate of $784.60 million. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Research analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on MRC shares. Susquehanna raised their price objective on shares of MRC Global from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of MRC Global from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Stifel Nicolaus dropped their price objective on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating for the company in a report on Monday, July 21st. Finally, Zacks Research raised shares of MRC Global to a "hold" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, MRC Global has an average rating of "Moderate Buy" and an average target price of $16.00.

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.

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