XTX Topco Ltd Sells 1,442 Shares of MRC Global Inc. (NYSE:MRC)

XTX Topco Ltd decreased its holdings in MRC Global Inc. (NYSE:MRC) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,853 shares of the oil and gas company’s stock after selling 1,442 shares during the period. XTX Topco Ltd’s holdings in MRC Global were worth $240,000 at the end of the most recent quarter.

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

MRC Global Stock Down 3.6 %

Shares of MRC opened at $12.70 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 firm’s 50 day moving average is $13.22 and its 200-day moving average is $12.97. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.60 and a beta of 1.97.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $797.00 million for the quarter, compared to analyst estimates of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. Equities research analysts forecast that MRC Global Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

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

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.