MRC Global Inc. (NYSE:MRC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of MRC Global Inc. (NYSE:MRC) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,369,515 shares of the oil and gas company’s stock after purchasing an additional 26,619 shares during the quarter. Victory Capital Management Inc.’s holdings in MRC Global were worth $17,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its holdings in MRC Global by 308.2% during the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,951 shares during the period. Innealta Capital LLC purchased a new position in MRC Global during the 2nd quarter valued at about $45,000. DekaBank Deutsche Girozentrale purchased a new position in MRC Global during the 2nd quarter valued at about $56,000. Canada Pension Plan Investment Board purchased a new position in MRC Global during the 2nd quarter valued at about $56,000. Finally, nVerses Capital LLC purchased a new position in MRC Global during the 2nd quarter valued at about $70,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

MRC Global Stock Performance

Shares of MRC opened at $13.31 on Wednesday. The stock has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $12.88. 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 stock has a market capitalization of $1.13 billion, a PE ratio of 15.30 and a beta of 1.97. MRC Global Inc. has a 1 year low of $9.77 and a 1 year high of $14.91.

MRC Global (NYSE:MRC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, analysts predict that MRC Global Inc. will post 0.89 earnings per share for the current fiscal year.

MRC Global Company 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.