Vestmark Advisory Solutions Inc. Makes New Investment in MRC Global Inc. $MRC

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Vestmark Advisory Solutions Inc. acquired a new position in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 31,670 shares of the oil and gas company's stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings in MRC Global by 24.7% in the first quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company's stock valued at $63,000 after buying an additional 1,081 shares in the last quarter. Hsbc Holdings PLC increased its holdings in MRC Global by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock valued at $440,000 after buying an additional 1,234 shares in 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 in the last quarter. Sterling Capital Management LLC increased its holdings in 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. Finally, EP Wealth Advisors LLC increased its holdings in MRC Global by 19.6% in the fourth quarter. EP Wealth Advisors LLC now owns 15,682 shares of the oil and gas company's stock valued at $200,000 after buying an additional 2,567 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

MRC Global Stock Up 5.6%

NYSE MRC traded up $0.7880 on Friday, hitting $14.9680. 713,808 shares of the stock were exchanged, compared to its average volume of 803,516. The company has a quick ratio of 1.00, a current ratio of 1.84 and a debt-to-equity ratio of 0.83. MRC Global Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.59. The company has a market cap of $1.27 billion, a PE ratio of -62.37 and a beta of 1.65. The company has a 50-day moving average price of $13.74 and a 200-day moving average price of $12.55.

MRC Global (NYSE:MRC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. The company had revenue of $798.00 million during the quarter, compared to analysts' expectations of $784.60 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm's revenue was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on MRC shares. Susquehanna lifted their target price on shares of MRC Global from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Stifel Nicolaus lowered their price target on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Zacks Research upgraded shares of MRC Global to a "hold" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of MRC Global from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, MRC Global presently has an average rating of "Moderate Buy" and an average target price of $16.00.

About MRC Global

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.