Barclays PLC Buys 100,384 Shares of MRC Global Inc. (NYSE:MRC)

Barclays PLC increased its stake in shares of MRC Global Inc. (NYSE:MRC) by 197.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,169 shares of the oil and gas company’s stock after purchasing an additional 100,384 shares during the period. Barclays PLC’s holdings in MRC Global were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in MRC Global during the 2nd quarter valued at $45,000. DekaBank Deutsche Girozentrale bought a new position in MRC Global in the second quarter valued at about $56,000. Canada Pension Plan Investment Board purchased a new position in MRC Global in the second quarter worth about $56,000. nVerses Capital LLC bought a new stake in shares of MRC Global during the 2nd quarter valued at about $70,000. Finally, Quarry LP increased its position in shares of MRC Global by 162.8% during the 2nd quarter. Quarry LP now owns 7,333 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 4,543 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

MRC Global Stock Performance

MRC opened at $12.89 on Friday. The company has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $12.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The firm has a market cap of $1.10 billion, a P/E ratio of 14.82 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 released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $794.17 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was down 10.2% on a year-over-year basis. Equities analysts forecast that MRC Global Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.