MRC Global Inc. (NYSE:MRC) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,958 shares of the oil and gas company's stock after selling 67,389 shares during the period. D. E. Shaw & Co. Inc. owned 0.41% of MRC Global worth $4,498,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of MRC Global in the fourth quarter valued at about $233,000. Shaker Investments LLC OH purchased a new position in MRC Global in the 4th quarter worth approximately $511,000. Barclays PLC grew its position in MRC Global by 197.7% in the third quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock valued at $1,927,000 after acquiring an additional 100,384 shares in the last quarter. JPMorgan Chase & Co. grew its position in MRC Global by 12.7% in the third quarter. JPMorgan Chase & Co. now owns 156,332 shares of the oil and gas company's stock valued at $1,992,000 after acquiring an additional 17,609 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of MRC Global by 32.8% during the fourth quarter. Empowered Funds LLC now owns 376,014 shares of the oil and gas company's stock valued at $4,805,000 after purchasing an additional 92,874 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

MRC Global Stock Down 1.9%

MRC traded down $0.25 during trading on Wednesday, hitting $12.43. The company had a trading volume of 538,654 shares, compared to its average volume of 641,467. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The company has a market cap of $1.07 billion, a PE ratio of 14.28 and a beta of 1.63. The business has a 50-day moving average of $11.49 and a 200-day moving average of $12.67.

MRC Global (NYSE:MRC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $710.00 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MRC shares. Stifel Nicolaus upped their target price on shares of MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Susquehanna lowered their target price 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. Loop Capital cut their price target on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded MRC Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

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.