MRC Global Inc. (NYSE:MRC) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in shares of MRC Global Inc. (NYSE:MRC) by 19.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,295 shares of the oil and gas company’s stock after selling 4,919 shares during the quarter. XTX Topco Ltd’s holdings in MRC Global were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. CWM LLC raised its position in MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,951 shares during the period. Innealta Capital LLC purchased a new position in MRC Global during the second quarter worth about $45,000. DekaBank Deutsche Girozentrale purchased a new position in MRC Global during the second quarter worth about $56,000. nVerses Capital LLC purchased a new stake in shares of MRC Global in the 2nd quarter valued at approximately $70,000. Finally, New York State Teachers Retirement System acquired a new position in shares of MRC Global in the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MRC shares. StockNews.com raised MRC Global from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of MRC Global in a research note on Wednesday, June 26th.

MRC Global Stock Performance

NYSE:MRC opened at $12.64 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.70 and a beta of 1.97. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. MRC Global Inc. has a 52 week low of $9.47 and a 52 week high of $14.91. The company has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $12.71.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The company had revenue of $832.00 million for the quarter, compared to analyst estimates of $831.32 million. During the same quarter last year, the company earned $0.25 EPS. MRC Global’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that MRC Global Inc. will post 0.91 earnings per share for the current fiscal year.

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.