AHL Partners LLP lessened its holdings in shares of MRC Global Inc. (NYSE:MRC) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 188,766 shares of the oil and gas company’s stock after selling 19,277 shares during the period. AHL Partners LLP owned approximately 0.20% of MRC Global worth $3,119,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of MRC. BlackRock Inc. lifted its position in shares of MRC Global by 17,937.8% during the 1st quarter. BlackRock Inc. now owns 7,126,027 shares of the oil and gas company’s stock worth $130,618,000 after purchasing an additional 7,086,521 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of MRC Global during the 1st quarter worth about $28,656,000. Citadel Advisors LLC lifted its position in shares of MRC Global by 334.1% during the 2nd quarter. Citadel Advisors LLC now owns 1,913,550 shares of the oil and gas company’s stock worth $31,612,000 after purchasing an additional 1,472,693 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of MRC Global during the 2nd quarter worth about $17,961,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of MRC Global during the 2nd quarter worth about $17,064,000. 97.21% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. Cowen and Company set a $24.00 price objective on MRC Global and gave the stock a “buy” rating in a research report on Friday, October 6th. Robert W. Baird restated a “hold” rating and set a $21.00 price target on shares of MRC Global in a research note on Monday. J P Morgan Chase & Co lowered their price target on MRC Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $17.00 price target (down from $20.00) on shares of MRC Global in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.11.
MRC Global Inc. (MRC) opened at 17.88 on Wednesday. The company’s 50-day moving average price is $16.89 and its 200 day moving average price is $17.41. MRC Global Inc. has a 52 week low of $13.68 and a 52 week high of $22.52. The company’s market capitalization is $1.69 billion.
MRC Global (NYSE:MRC) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). MRC Global had a positive return on equity of 0.39% and a negative net margin of 1.40%. The business had revenue of $922.00 million for the quarter, compared to the consensus estimate of $916.82 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, analysts predict that MRC Global Inc. will post $0.14 EPS for the current year.
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MRC Global Company Profile
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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