MRC Global Inc. (NYSE:MRC) Stake Raised by Sourcerock Group LLC

Sourcerock Group LLC raised its holdings in MRC Global Inc. (NYSE:MRC) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 501,890 shares of the oil and gas company’s stock after acquiring an additional 7,786 shares during the period. Sourcerock Group LLC’s holdings in MRC Global were worth $6,414,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MRC. Huntington National Bank bought a new position in shares of MRC Global in the fourth quarter valued at $34,000. Sterling Capital Management LLC grew its holdings in shares of MRC Global by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of MRC Global in the 4th quarter worth $56,000. Quantinno Capital Management LP acquired a new stake in shares of MRC Global during the fourth quarter worth $129,000. Finally, Longboard Asset Management LP purchased a new stake in shares of MRC Global during the fourth quarter valued at $134,000. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MRC has been the subject of a number of recent analyst reports. Loop Capital decreased their price target on MRC Global from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Stifel Nicolaus upped their price objective on shares of MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. StockNews.com downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna cut their price target 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.

MRC Global Trading Down 0.3%

Shares of NYSE MRC opened at $12.81 on Monday. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.72 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 company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $12.66.

MRC Global (NYSE:MRC) last posted its quarterly earnings results 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 analysts’ expectations of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. MRC Global’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. As a group, analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

MRC Global 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.