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

D. E. Shaw & Co. Inc. lessened its stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F 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 quarter. D. E. Shaw & Co. Inc. owned about 0.41% of MRC Global worth $4,498,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Huntington National Bank purchased a new stake in shares of MRC Global during the fourth quarter worth approximately $34,000. Sterling Capital Management LLC raised its stake in shares of MRC Global by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of MRC Global during the fourth quarter worth approximately $56,000. Longboard Asset Management LP purchased a new stake in shares of MRC Global during the fourth quarter worth approximately $134,000. Finally, Ieq Capital LLC purchased a new stake in shares of MRC Global during the fourth quarter worth approximately $187,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Price Performance

MRC stock traded up $0.07 on Friday, reaching $12.40. 354,173 shares of the company's stock were exchanged, compared to its average volume of 641,339. The stock has a fifty day moving average of $11.53 and a 200-day moving average of $12.67. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.41. The firm has a market cap of $1.07 billion, a PE ratio of 14.25 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.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm 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 company posted $0.20 earnings per share. MRC Global's quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts predict that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

MRC has been the subject of several analyst reports. Loop Capital cut their price target on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Stifel Nicolaus upped their price target on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen cut MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Susquehanna dropped their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th.

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.