MRC Global Inc. (NYSE:MRC) Position Reduced by South Dakota Investment Council

South Dakota Investment Council cut its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 729,599 shares of the oil and gas company's stock after selling 106,737 shares during the period. South Dakota Investment Council owned about 0.87% of MRC Global worth $8,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of MRC Global in the fourth quarter worth about $120,000. Sequoia Financial Advisors LLC acquired a new position in shares of MRC Global in the fourth quarter worth about $122,000. SG Americas Securities LLC acquired a new position in shares of MRC Global in the fourth quarter worth about $152,000. Gladius Capital Management LP acquired a new position in shares of MRC Global in the third quarter worth about $33,000. Finally, Wellington Management Group LLP raised its position in shares of MRC Global by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,010,991 shares of the oil and gas company's stock worth $30,863,000 after acquiring an additional 561,706 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on MRC shares. Susquehanna upped their price objective on shares of MRC Global from $13.00 to $15.00 and gave the stock a "positive" rating in a research report on Monday, April 8th. Stephens reissued an "overweight" rating and set a $17.00 target price on shares of MRC Global in a research note on Wednesday, February 14th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $15.33.

MRC Global Price Performance

Shares of MRC stock traded down $0.40 on Wednesday, reaching $11.66. 515,827 shares of the company were exchanged, compared to its average volume of 570,469. The company has a market cap of $983.57 million, a price-to-earnings ratio of 11.21 and a beta of 1.99. The business has a 50-day moving average price of $12.16 and a 200 day moving average price of $11.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.48. MRC Global Inc. has a 1 year low of $8.15 and a 1 year high of $13.00.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The company had revenue of $768.00 million during the quarter, compared to analysts' expectations of $810.52 million. During the same quarter in the prior year, the company earned $0.32 EPS. MRC Global's revenue was down 11.6% compared to the same quarter last year. Equities research analysts forecast that MRC Global Inc. will post 1 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.