MRC Global (MRC) News Today

Acadian Asset Management LLC acquired a new position in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 76,806 shares of the oil and gas company's stock, valued at approximately $963,000. Acadian Asset Ma

Lord Abbett & CO. LLC lessened its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 57.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 316,762 shares of the oil and gas company's stock after selling 423,570 shares during the period

MRC Global (NYSE:MRC) Hits New 52-Week High at $14.37

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 14.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,054,380 shares of the oil and gas company's stock after selling

MRC Global Inc. (NYSE:MRC - Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,270,000 shares, a growth of 25.7% from the May 31st total of 1,010,000 shares. Based on an average daily volume of 525,500 shares, the days-to-cover ratio is currently 2.4 days.

MRC Global Inc. (NYSE:MRC - Get Free Report) has been assigned an average recommendation of "Buy" from the three brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy rating. The average 1 year price objective

Beryl Capital Management LLC acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 170,865 shares of the oil and gas company's stock, valued at approximately $1,881,000. MRC Global comprises ab

Appian Way Asset Management LP bought a new stake in MRC Global Inc. (NYSE:MRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 430,968 shares of the oil and gas company

Engine Capital Management LP raised its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,866,886 shares of the oil and gas company's st

Pzena Investment Management LLC trimmed its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,001,859 shares of the oil and gas company's stock after selling 446,311 shares during the period. P

Susquehanna raised their price objective on MRC Global from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Friday.

MRC Global (NYSE:MRC - Get Free Report) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The company had revenue of $806.00 million for the quarter, compared to analyst estimates of $760.76 million. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The firm's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS.

MRC Global (NYSE:MRC) Stock Price Up 6.2% on Strong Earnings

Pekin Hardy Strauss Inc. lessened its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 20.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 747,447 shares of the oil and gas company's stock after selling 190,539 share

South Dakota Investment Council decreased its position in MRC Global Inc. (NYSE:MRC - Free Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 729,599 shares of the oil and gas company's stock after selling 106,737 shares during the period.

Shares of MRC Global Inc. (NYSE:MRC - Get Free Report) have earned an average rating of "Buy" from the four ratings firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that hav

MRC Global Inc. (NYSE:MRC - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,250,000 shares, a decrease of 22.8% from the March 15th total of 1,620,000 shares. Based on an average daily volume of 579,400 shares, the short-interest ratio is presently 2.2 days.

MRC Global (NYSE:MRC) Sets New 52-Week High on Analyst Upgrade

Susquehanna increased their price target on shares of MRC Global from $13.00 to $15.00 and gave the company a "positive" rating in a report on Monday.