MRC Global Inc. (NYSE:MRC) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 85.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,144 shares of the oil and gas company's stock after acquiring an additional 25,791 shares during the period. Jane Street Group LLC owned approximately 0.07% of MRC Global worth $718,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MRC. Barclays PLC raised its position in shares of MRC Global by 197.7% during the 3rd quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock valued at $1,927,000 after buying an additional 100,384 shares during the period. SG Americas Securities LLC acquired a new position in shares of MRC Global during the fourth quarter worth $477,000. Jennison Associates LLC acquired a new position in MRC Global in the fourth quarter valued at $1,108,000. Longboard Asset Management LP acquired a new position in MRC Global in the fourth quarter valued at $134,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in MRC Global in the fourth quarter valued at $327,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

MRC Global Trading Down 0.3%

Shares of MRC stock traded down $0.04 during mid-day trading on Thursday, reaching $12.49. The company's stock had a trading volume of 270,061 shares, compared to its average volume of 747,813. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.41. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.35 and a beta of 1.63. 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's 50 day simple moving average is $11.55 and its 200-day simple moving average is $12.64.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $712.00 million for 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 firm's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, research analysts predict that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Stifel Nicolaus increased their price target on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen cut shares of MRC Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Loop Capital dropped their target price on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, March 18th.

MRC Global 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.