XTX Topco Ltd Invests $711,000 in MRC Global Inc. $MRC

XTX Topco Ltd acquired a new stake in shares of MRC Global Inc. (NYSE:MRC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,872 shares of the oil and gas company’s stock, valued at approximately $711,000. XTX Topco Ltd owned approximately 0.06% of MRC Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alpine Associates Management Inc. purchased a new stake in MRC Global during the 2nd quarter worth approximately $2,253,000. Geode Capital Management LLC raised its holdings in shares of MRC Global by 1.4% in the second quarter. Geode Capital Management LLC now owns 2,027,686 shares of the oil and gas company’s stock worth $27,803,000 after buying an additional 27,089 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of MRC Global during the second quarter worth $244,000. LPL Financial LLC grew its holdings in shares of MRC Global by 97.1% during the first quarter. LPL Financial LLC now owns 158,490 shares of the oil and gas company’s stock valued at $1,819,000 after buying an additional 78,086 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of MRC Global during the second quarter valued at $2,308,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

MRC Global Price Performance

Shares of MRC opened at $13.78 on Wednesday. The business’s 50-day moving average is $13.96 and its two-hundred day moving average is $13.82. The company has a market capitalization of $1.17 billion, a P/E ratio of -57.40 and a beta of 1.63. MRC Global Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.84.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $609.00 million during the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. Research analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MRC shares. Zacks Research upgraded MRC Global to a “hold” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of MRC Global in a report on Wednesday, October 8th. Loop Capital cut MRC Global from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Monday, October 27th. Finally, Susquehanna downgraded MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, MRC Global presently has an average rating of “Hold” and a consensus price target of $15.67.

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.