Graham Capital Management L.P. Makes New $592,000 Investment in MRC Global Inc. (NYSE:MRC)

Graham Capital Management L.P. acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,361 shares of the oil and gas company's stock, valued at approximately $592,000. Graham Capital Management L.P. owned approximately 0.05% of MRC Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of MRC Global during the 4th quarter worth $233,000. Shaker Investments LLC OH acquired a new stake in MRC Global during the fourth quarter worth $511,000. Barclays PLC raised its position in MRC Global by 197.7% in the third quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock worth $1,927,000 after purchasing an additional 100,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in MRC Global by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 156,332 shares of the oil and gas company's stock worth $1,992,000 after acquiring an additional 17,609 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in MRC Global by 32.8% during the 4th quarter. Empowered Funds LLC now owns 376,014 shares of the oil and gas company's stock valued at $4,805,000 after purchasing an additional 92,874 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MRC. Loop Capital dropped their price objective on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Susquehanna reduced their price target on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. StockNews.com lowered MRC Global from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Stifel Nicolaus upped their target price on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

MRC Global Stock Performance

Shares of MRC opened at $12.86 on Friday. The stock's 50-day simple moving average is $11.40 and its 200 day simple moving average is $12.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. MRC Global Inc. has a 52-week low of $9.23 and a 52-week high of $15.41. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.78 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 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The company had revenue of $712.00 million during the quarter, compared to analyst estimates of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. Research analysts forecast that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

MRC Global 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.

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