Vestmark Advisory Solutions Inc. Takes $364,000 Position in MRC Global Inc. $MRC

Key Points

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Vestmark Advisory Solutions Inc. acquired a new stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. 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 bought and sold shares of the company. Sterling Capital Management LLC lifted its stake in MRC Global by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 2,406 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of MRC Global by 24.7% in the 1st quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 1,081 shares during the period. Quantinno Capital Management LP purchased a new stake in MRC Global during the fourth quarter worth $129,000. GAMMA Investing LLC boosted its holdings in MRC Global by 1,576.2% during the first quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company's stock worth $161,000 after buying an additional 13,224 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in MRC Global by 35.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,657 shares of the oil and gas company's stock worth $187,000 after buying an additional 3,855 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on MRC shares. 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 report on Monday, July 21st. Zacks Research raised shares of MRC Global to a "hold" rating in a report on Friday, August 8th. Susquehanna increased their price target on shares of MRC Global from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

MRC Global Price Performance

NYSE:MRC traded up $0.7880 during trading hours on Friday, reaching $14.9680. 713,808 shares of the company were exchanged, compared to its average volume of 796,616. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. The stock's 50-day moving average is $13.74 and its 200-day moving average is $12.57. The firm has a market cap of $1.27 billion, a PE ratio of -62.37 and a beta of 1.65. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.59.

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

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.