MRC Global Inc. (NYSE:MRC) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of MRC Global Inc. (NYSE:MRCFree Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,434 shares of the oil and gas company’s stock after purchasing an additional 8,291 shares during the period. BNP Paribas Financial Markets’ holdings in MRC Global were worth $831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MRC. Victory Capital Management Inc. bought a new position in shares of MRC Global during the fourth quarter worth about $122,000. SummerHaven Investment Management LLC grew its position in shares of MRC Global by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 70,162 shares of the oil and gas company’s stock worth $772,000 after acquiring an additional 1,025 shares during the last quarter. Bailard Inc. grew its position in shares of MRC Global by 78.7% during the fourth quarter. Bailard Inc. now owns 60,410 shares of the oil and gas company’s stock worth $665,000 after acquiring an additional 26,600 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of MRC Global during the fourth quarter worth about $120,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of MRC Global during the fourth quarter worth about $122,000. 94.97% of the stock is owned by institutional investors and hedge funds.

MRC Global Stock Performance

NYSE:MRC opened at $13.08 on Friday. MRC Global Inc. has a twelve month low of $8.15 and a twelve month high of $14.02. The company has a current ratio of 1.48, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $12.50 and a 200-day moving average of $11.52. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 15.21 and a beta of 2.01.

MRC Global (NYSE:MRCGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. MRC Global had a net margin of 2.97% and a return on equity of 23.60%. The company had revenue of $806.00 million during the quarter, compared to analyst estimates of $760.76 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts forecast that MRC Global Inc. will post 0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of MRC Global from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th. Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a research report on Wednesday, February 14th. Finally, Susquehanna increased their target price on shares of MRC Global from $15.00 to $16.00 and gave the company a “positive” rating in a research report on Friday, May 10th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $15.67.

Check Out Our Latest Analysis on MRC

Insider Activity

In other news, insider John P. Mccarthy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $13.78, for a total transaction of $151,580.00. Following the completion of the transaction, the insider now owns 85,674 shares in the company, valued at approximately $1,180,587.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MRC Global news, insider John P. Mccarthy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $13.78, for a total transaction of $151,580.00. Following the completion of the sale, the insider now directly owns 85,674 shares of the company’s stock, valued at $1,180,587.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Grant R. Bates sold 4,698 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.76, for a total transaction of $64,644.48. Following the sale, the insider now directly owns 145,191 shares of the company’s stock, valued at $1,997,828.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,698 shares of company stock worth $1,242,374. Corporate insiders own 20.90% of the company’s stock.

MRC Global Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MRC Global Inc. (NYSE:MRCFree Report).

Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

Receive News & Ratings for MRC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global and related companies with MarketBeat.com's FREE daily email newsletter.