Brevan Howard Capital Management LP Invests $200,000 in MRC Global Inc. (NYSE:MRC)

Brevan Howard Capital Management LP acquired a new position in shares of MRC Global Inc. (NYSE:MRC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,631 shares of the oil and gas company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of MRC Global during the 4th quarter worth approximately $233,000. Shaker Investments LLC OH purchased a new position in shares of MRC Global during the 4th quarter valued at approximately $511,000. Barclays PLC lifted its position in shares of MRC Global by 197.7% during the 3rd quarter. Barclays PLC now owns 151,169 shares of the oil and gas company’s stock valued at $1,927,000 after buying an additional 100,384 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of MRC Global by 12.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 156,332 shares of the oil and gas company’s stock valued at $1,992,000 after buying an additional 17,609 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of MRC Global by 32.8% during the 4th quarter. Empowered Funds LLC now owns 376,014 shares of the oil and gas company’s stock valued at $4,805,000 after buying an additional 92,874 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

MRC has been the topic of a number of recent analyst reports. Susquehanna decreased their target price on MRC Global from $15.00 to $13.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Loop Capital decreased their target price on MRC Global from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. StockNews.com upgraded MRC Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus raised their price objective on MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, May 8th.

MRC Global Stock Performance

NYSE MRC opened at $13.05 on Tuesday. The company has a market cap of $1.12 billion, a P/E ratio of 15.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The stock has a 50-day moving average of $11.30 and a two-hundred day moving average of $12.64. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41.

MRC Global (NYSE:MRC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $712.00 million during the quarter, compared to the consensus estimate of $710.00 million. During the same period in the previous year, the company posted $0.20 EPS. MRC Global’s revenue was down 11.7% compared to the same quarter last year. As a group, analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current 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.