51,474 Shares in MRC Global Inc. (NYSE:MRC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,474 shares of the oil and gas company's stock, valued at approximately $658,000. Raymond James Financial Inc. owned 0.06% of MRC Global as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MRC. Proficio Capital Partners LLC bought a new stake in shares of MRC Global during the 4th quarter valued at about $233,000. Shaker Investments LLC OH acquired a new stake in shares of MRC Global during the 4th quarter worth approximately $511,000. Barclays PLC increased its stake in shares of MRC Global by 197.7% in the 3rd quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock valued at $1,927,000 after acquiring an additional 100,384 shares in the last quarter. JPMorgan Chase & Co. boosted 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 grew its holdings in MRC Global by 32.8% in the fourth quarter. Empowered Funds LLC now owns 376,014 shares of the oil and gas company's stock worth $4,805,000 after purchasing an additional 92,874 shares during the period. Institutional investors own 94.97% of the company's stock.

MRC Global Stock Down 0.6 %

NYSE:MRC traded down $0.08 during trading hours on Friday, hitting $12.27. 768,969 shares of the company traded hands, compared to its average volume of 642,922. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.06 billion, a PE ratio of 14.10 and a beta of 1.63. The firm's 50-day simple moving average is $11.27 and its 200-day simple moving average is $12.63. MRC Global Inc. has a one year low of $9.23 and a one year high of $15.41.

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

Analyst Ratings Changes

MRC has been the subject of several research reports. Susquehanna reduced their target price on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus upped their target price on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com raised shares of MRC Global from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Loop Capital dropped their price objective on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.

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.