MRC Global Inc. (NYSE:MRC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,946,806 shares of the oil and gas company's stock after selling 262,445 shares during the quarter. Wellington Management Group LLP owned approximately 3.42% of MRC Global worth $37,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MRC. Hsbc Holdings PLC increased its holdings in shares of 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 worth $440,000 after purchasing an additional 1,234 shares during the last quarter. Swiss National Bank increased its holdings in shares of 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 worth $2,143,000 after purchasing an additional 1,500 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of 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 worth $659,000 after purchasing an additional 1,886 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of MRC Global by 2.0% in the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock worth $1,337,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of MRC Global by 7.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock worth $427,000 after purchasing an additional 2,219 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MRC has been the topic of several research reports. Loop Capital reduced their target price on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Wall Street Zen cut MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus boosted their price objective on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Susquehanna reduced their price objective 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.

MRC Global Trading Down 0.5%

Shares of NYSE:MRC traded down $0.06 during trading hours on Wednesday, hitting $12.63. 207,669 shares of the company's stock traded hands, compared to its average volume of 643,690. 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 $11.59 and a 200-day moving average price of $12.60. The firm has a market capitalization of $1.09 billion, a P/E ratio of 14.52 and a beta of 1.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $712.00 million during the quarter, compared to analyst estimates of $710.00 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. MRC Global's quarterly revenue 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. Equities analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current 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.