15,418 Shares in MRC Global Inc. (NYSE:MRC) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of MRC Global Inc. (NYSE:MRCFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,418 shares of the oil and gas company’s stock, valued at approximately $196,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in MRC Global by 18.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company’s stock worth $16,636,000 after buying an additional 204,600 shares during the last quarter. Rhumbline Advisers raised its stake in MRC Global by 62.0% during the second quarter. Rhumbline Advisers now owns 247,047 shares of the oil and gas company’s stock worth $3,189,000 after acquiring an additional 94,566 shares during the period. Quest Partners LLC lifted its holdings in MRC Global by 162.9% in the second quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock worth $981,000 after acquiring an additional 47,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MRC Global by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,689,511 shares of the oil and gas company’s stock valued at $47,629,000 after acquiring an additional 97,445 shares during the period. Finally, Foundry Partners LLC acquired a new position in MRC Global in the second quarter valued at approximately $4,418,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

MRC Global Stock Performance

Shares of NYSE MRC opened at $13.60 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a 12-month low of $9.77 and a 12-month high of $14.91. The stock has a 50 day simple moving average of $13.18 and a 200-day simple moving average of $12.97. The company has a market cap of $1.16 billion, a PE ratio of 15.63 and a beta of 1.97.

MRC Global (NYSE:MRCGet Free Report) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. MRC Global’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, equities research analysts forecast that MRC Global Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MRC. StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Stifel Nicolaus raised their target price on MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Susquehanna upped their price target on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th.

Check Out Our Latest Research Report on MRC

About MRC Global

(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.