46,361 Shares in MRC Global Inc. (NYSE:MRC) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new position in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,361 shares of the oil and gas company's stock, valued at approximately $592,000. Graham Capital Management L.P. owned about 0.05% of MRC Global at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of MRC Global in the 4th quarter valued at approximately $34,000. Sterling Capital Management LLC boosted its holdings in shares of MRC Global by 821.2% in 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 buying an additional 2,406 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in MRC Global during the 4th quarter worth $56,000. Longboard Asset Management LP acquired a new position in MRC Global in the fourth quarter valued at $134,000. Finally, Ieq Capital LLC purchased a new position in shares of MRC Global during the fourth quarter worth about $187,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Trading Down 0.2%

Shares of MRC Global stock traded down $0.03 during trading hours on Wednesday, reaching $12.64. The stock had a trading volume of 60,154 shares, compared to its average volume of 639,599. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.53 and a beta of 1.63. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $12.67.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $712.00 million during the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. MRC Global's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. As a group, equities research analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com cut MRC Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. 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 research report on Tuesday, March 18th. Susquehanna lowered their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus increased their price objective on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

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.