XTX Topco Ltd reduced its stake in MRC Global Inc. (NYSE:MRC – Free Report) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in MRC. Victory Capital Management Inc. boosted its position in MRC Global by 7,541.8% in the second quarter. Victory Capital Management Inc. now owns 1,342,896 shares of the oil and gas company’s stock valued at $17,337,000 after buying an additional 1,325,323 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of MRC Global by 167.3% during the 2nd quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company’s stock valued at $15,559,000 after acquiring an additional 754,376 shares in the last quarter. Acadian Asset Management LLC grew its position in MRC Global by 456.3% during the 2nd quarter. Acadian Asset Management LLC now owns 427,298 shares of the oil and gas company’s stock worth $5,513,000 after acquiring an additional 350,492 shares during the last quarter. Foundry Partners LLC acquired a new position in MRC Global in the 2nd quarter worth about $4,418,000. Finally, Empowered Funds LLC bought a new position in MRC Global in the third quarter valued at about $3,607,000. 94.97% of the stock is owned by institutional investors.
Analyst Ratings Changes
MRC has been the subject of several recent research reports. Stifel Nicolaus upped 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. Susquehanna upped their price target 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 lowered shares of MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th.
MRC Global Price Performance
Shares of MRC opened at $12.70 on Thursday. The business has a 50-day moving average of $13.22 and a 200-day moving average of $12.97. MRC Global Inc. has a 1 year low of $9.77 and a 1 year high of $14.91. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.60 and a beta of 1.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11.
MRC Global (NYSE:MRC – Get Free Report) last released its quarterly 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 net margin of 3.09% and a return on equity of 19.58%. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. During the same quarter last year, the business earned $0.32 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that MRC Global Inc. will post 0.85 earnings per share for the current year.
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.
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