Royce & Associates LP Decreases Stock Position in MRC Global Inc. (NYSE:MRC)

Royce & Associates LP decreased its position in shares of MRC Global Inc. (NYSE:MRC) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 909,752 shares of the oil and gas company’s stock after selling 1,330 shares during the period. Royce & Associates LP’s holdings in MRC Global were worth $11,590,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC grew its stake in shares of MRC Global by 0.4% during the third quarter. Essex Investment Management Co. LLC now owns 300,195 shares of the oil and gas company’s stock valued at $3,824,000 after acquiring an additional 1,063 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in MRC Global by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 72,238 shares of the oil and gas company’s stock valued at $933,000 after acquiring an additional 1,149 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of MRC Global by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,083 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 1,186 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MRC Global by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,061 shares of the oil and gas company’s stock valued at $414,000 after purchasing an additional 1,289 shares in the last quarter. Finally, CWM LLC lifted its position in shares of MRC Global by 308.2% during the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,951 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MRC shares. StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Stifel Nicolaus lifted their price target on shares of MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Susquehanna increased their price objective on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th.

MRC Global Stock Down 1.1 %

MRC stock opened at $13.37 on Friday. MRC Global Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $14.91. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.14 billion, a PE ratio of 15.37 and a beta of 1.97. The firm’s 50-day simple moving average is $12.64 and its 200 day simple moving average is $12.84.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The business had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that MRC Global Inc. will post 0.89 EPS for the current year.

About MRC Global

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.