Northern Trust Corp Purchases 66,319 Shares of MRC Global Inc. (NYSE:MRC)

Northern Trust Corp raised its position in MRC Global Inc. (NYSE:MRC - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 861,092 shares of the oil and gas company's stock after purchasing an additional 66,319 shares during the quarter. Northern Trust Corp owned 1.01% of MRC Global worth $11,005,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MRC. Lord Abbett & CO. LLC bought a new position in MRC Global in the 4th quarter valued at approximately $10,255,000. Price T Rowe Associates Inc. MD increased its position in MRC Global by 11.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 81,304 shares of the oil and gas company's stock valued at $1,040,000 after acquiring an additional 8,328 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of MRC Global by 3.7% during 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 period. Stifel Financial Corp grew its stake in shares of MRC Global by 80.8% in the fourth quarter. Stifel Financial Corp now owns 37,824 shares of the oil and gas company's stock worth $483,000 after purchasing an additional 16,899 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in 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 valued at $659,000 after purchasing an additional 1,886 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MRC shares. Loop Capital lowered their price target on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Stifel Nicolaus upped their target price 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. Susquehanna cut their price objective 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. Finally, StockNews.com cut MRC Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

MRC Global Stock Performance

Shares of MRC stock traded down $0.12 on Tuesday, hitting $12.68. 364,796 shares of the stock were exchanged, compared to its average volume of 641,310. 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 market capitalization of $1.09 billion, a PE ratio of 14.57 and a beta of 1.63. MRC Global Inc. has a one year low of $9.23 and a one year high of $15.41. The firm's 50 day moving average is $11.46 and its two-hundred day moving average is $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 EPS 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 net margin of 3.09% and a return on equity of 19.58%. The company's revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Sell-side analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current fiscal 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.