Guyasuta Investment Advisors Inc. Has $339,000 Stock Position in MRC Global Inc. (NYSE:MRC)

Guyasuta Investment Advisors Inc. decreased its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 52.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,570 shares of the oil and gas company's stock after selling 32,815 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in MRC Global were worth $339,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Huntington National Bank acquired a new stake in MRC Global during the fourth quarter worth approximately $34,000. Sterling Capital Management LLC raised its position in shares of MRC Global by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock valued at $34,000 after buying an additional 2,406 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of MRC Global in the fourth quarter valued at approximately $56,000. Quantinno Capital Management LP acquired a new stake in shares of MRC Global in the fourth quarter valued at approximately $129,000. Finally, GAMMA Investing LLC raised its position in shares of MRC Global by 1,576.2% in the first quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company's stock valued at $161,000 after buying an additional 13,224 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Loop Capital dropped their price target on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Susquehanna dropped their price target on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus lifted their price objective 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.

MRC Global Trading Down 1.2%

MRC stock traded down $0.16 during midday trading on Wednesday, hitting $12.97. The stock had a trading volume of 647,862 shares, compared to its average volume of 646,101. The firm has a market cap of $1.12 billion, a P/E ratio of -117.95 and a beta of 1.61. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The business has a fifty day moving average price of $12.36 and a two-hundred day moving average price of $12.49.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. MRC Global had a net margin of 0.47% and a return on equity of 12.82%. MRC Global's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, sell-side analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

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.