Two Sigma Investments LP cut its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,976 shares of the oil and gas company's stock after selling 50,019 shares during the period. Two Sigma Investments LP owned 0.42% of MRC Global worth $4,626,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in shares of MRC Global by 3.7% in the 4th quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock worth $440,000 after purchasing an additional 1,234 shares during the last quarter. Swiss National Bank increased its holdings in 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 valued at $2,143,000 after buying an additional 1,500 shares during the last quarter. MetLife Investment Management LLC increased its holdings in 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 valued at $659,000 after buying an additional 1,886 shares during the last quarter. Federated Hermes Inc. raised its stake in MRC Global by 2.0% during the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock valued at $1,337,000 after buying an additional 2,003 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in 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 worth $427,000 after buying an additional 2,219 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.
MRC Global Stock Performance
MRC traded down $0.12 during trading on Friday, reaching $12.42. 612,584 shares of the company were exchanged, compared to its average volume of 645,160. MRC Global Inc. has a 52 week low of $9.23 and a 52 week high of $15.41. 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 firm has a 50 day moving average of $11.57 and a 200 day moving average of $12.60. The stock has a market cap of $1.07 billion, a P/E ratio of 14.28 and a beta of 1.63.
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 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 during the quarter, compared to the consensus estimate of $710.00 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm's revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that MRC Global Inc. will post 0.86 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on MRC. Susquehanna lowered their price target on 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 boosted 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. 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 decreased their price target 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.
Get Our Latest Stock Report on MRC Global
MRC Global Company Profile
(
Free Report)
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.
Further Reading
Before you consider MRC Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MRC Global wasn't on the list.
While MRC Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
