MRC Global Inc. (NYSE:MRC) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 78.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,624 shares of the oil and gas company's stock after selling 954,027 shares during the period. First Trust Advisors LP owned approximately 0.31% of MRC Global worth $3,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of MRC Global by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,390,014 shares of the oil and gas company's stock worth $120,004,000 after purchasing an additional 42,331 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of MRC Global by 1.0% in the fourth quarter. Pzena Investment Management LLC now owns 5,825,650 shares of the oil and gas company's stock valued at $74,452,000 after acquiring an additional 54,859 shares in the last quarter. American Century Companies Inc. lifted its stake in MRC Global by 18.5% in the fourth quarter. American Century Companies Inc. now owns 2,281,646 shares of the oil and gas company's stock worth $29,159,000 after acquiring an additional 356,372 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in MRC Global by 0.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,214,254 shares of the oil and gas company's stock worth $15,518,000 after acquiring an additional 7,001 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of MRC Global by 5.3% during the fourth quarter. Royce & Associates LP now owns 958,042 shares of the oil and gas company's stock valued at $12,244,000 after purchasing an additional 48,290 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on MRC shares. StockNews.com cut MRC Global from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Stifel Nicolaus decreased their price target on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Loop Capital reduced their price objective on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Susquehanna cut their price target on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th.

MRC Global Stock Performance

MRC Global stock traded down $0.71 during mid-day trading on Wednesday, reaching $11.50. 1,670,574 shares of the company traded hands, compared to its average volume of 645,228. MRC Global Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.41. The firm's fifty day moving average is $11.25 and its two-hundred day moving average is $12.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The company has a market capitalization of $991.35 million, a price-to-earnings ratio of 13.22 and a beta of 1.63.

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 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $712.00 million for the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company's quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities research analysts expect 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.