Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 191,504 shares of the oil and gas company's stock, valued at approximately $2,198,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of MRC Global as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of MRC. Lord Abbett & CO. LLC bought a new position in MRC Global during the fourth quarter valued at approximately $10,255,000. JPMorgan Chase & Co. boosted its holdings in shares of MRC Global by 419.3% during the 4th quarter. JPMorgan Chase & Co. now owns 811,787 shares of the oil and gas company's stock valued at $10,375,000 after buying an additional 655,455 shares in the last quarter. Norges Bank bought a new stake in shares of MRC Global during the 4th quarter valued at $4,555,000. Barclays PLC boosted its stake in MRC Global by 218.0% in the 4th quarter. Barclays PLC now owns 480,669 shares of the oil and gas company's stock worth $6,143,000 after purchasing an additional 329,500 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in MRC Global in the 4th quarter worth about $3,191,000. Institutional investors own 94.97% of the company's stock.
MRC Global Stock Down 5.5%
Shares of MRC traded down $0.81 during mid-day trading on Friday, reaching $13.87. The company's stock had a trading volume of 718,516 shares, compared to its average volume of 1,200,698. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.59. The stock has a market cap of $1.19 billion, a PE ratio of -126.09 and a beta of 1.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.68 and a quick ratio of 0.91. The company's 50 day moving average is $13.34 and its 200 day moving average is $12.63.
MRC Global (NYSE:MRC - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $712.00 million during the quarter, compared to analysts' expectations of $710.00 million. MRC Global had a return on equity of 12.82% and a net margin of 0.47%. The company's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Equities analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current fiscal year.
Analyst Ratings Changes
MRC has been the subject of a number of recent research reports. Wall Street Zen upgraded MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Stifel Nicolaus cut their price target on MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Finally, Susquehanna cut their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research note on Monday, April 14th.
Get Our Latest Stock Analysis on MRC
About MRC Global
(
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.
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