MRC Global Inc. (NYSE:MRC) Shares Purchased by State of Wyoming

State of Wyoming boosted its holdings in MRC Global Inc. (NYSE:MRC) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,894 shares of the oil and gas company’s stock after purchasing an additional 5,623 shares during the quarter. State of Wyoming’s holdings in MRC Global were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in MRC Global by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,390,014 shares of the oil and gas company’s stock worth $120,004,000 after purchasing an additional 42,331 shares during the period. Pzena Investment Management LLC boosted its holdings in MRC Global by 1.0% in the fourth quarter. Pzena Investment Management LLC now owns 5,825,650 shares of the oil and gas company’s stock worth $74,452,000 after purchasing an additional 54,859 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MRC Global by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,827,433 shares of the oil and gas company’s stock worth $48,914,000 after purchasing an additional 164,973 shares during the period. American Century Companies Inc. boosted its holdings in MRC Global by 18.5% in the fourth quarter. American Century Companies Inc. now owns 2,281,646 shares of the oil and gas company’s stock worth $29,159,000 after purchasing an additional 356,372 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in MRC Global by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,261,364 shares of the oil and gas company’s stock worth $28,900,000 after purchasing an additional 121,601 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

MRC Global Stock Performance

Shares of MRC opened at $12.68 on Wednesday. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 14.57 and a beta of 1.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. The firm has a fifty day moving average of $11.49 and a 200-day moving average of $12.67.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MRC shares. StockNews.com downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Loop Capital reduced their price target on shares of MRC Global from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Susquehanna reduced their price target on shares of MRC Global from $15.00 to $13.00 and set a “positive” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus boosted 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 Thursday, May 8th.

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.