UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 45,497 Shares of MRC Global Inc. (NYSE:MRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 266,690 shares of the oil and gas company's stock after purchasing an additional 45,497 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of MRC Global worth $3,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of MRC Global by 3.7% during the 4th quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock valued at $440,000 after acquiring an additional 1,234 shares during the period. Swiss National Bank boosted its position in shares of MRC Global by 0.9% in the fourth quarter. Swiss National Bank now owns 167,649 shares of the oil and gas company's stock worth $2,143,000 after purchasing an additional 1,500 shares during the period. MetLife Investment Management LLC boosted its position in shares of MRC Global by 3.8% in the fourth quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock worth $659,000 after purchasing an additional 1,886 shares during the period. Federated Hermes Inc. increased its stake in shares of MRC Global by 2.0% in the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock worth $1,337,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of MRC Global by 7.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock valued at $427,000 after purchasing an additional 2,219 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MRC has been the subject of several recent analyst reports. 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. Susquehanna dropped their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised MRC Global from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

MRC Global Price Performance

MRC traded up $0.18 during trading on Friday, hitting $12.78. 513,370 shares of the company traded hands, compared to its average volume of 645,951. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.10 billion, a PE ratio of 14.68 and a beta of 1.61. The stock's 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $12.57. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $710.00 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business's revenue was down 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

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.