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

Barclays PLC raised its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 197.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,169 shares of the oil and gas company's stock after acquiring an additional 100,384 shares during the period. Barclays PLC owned about 0.18% of MRC Global worth $1,927,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in MRC Global by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 416,182 shares of the oil and gas company's stock worth $5,373,000 after buying an additional 37,557 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in MRC Global during the 2nd quarter valued at $167,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MRC Global by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,532 shares of the oil and gas company's stock valued at $317,000 after purchasing an additional 2,176 shares during the last quarter. Innealta Capital LLC bought a new position in MRC Global in the 2nd quarter valued at $45,000. Finally, nVerses Capital LLC acquired a new position in MRC Global in the second quarter worth $70,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

MRC Global Trading Down 2.0 %

MRC Global stock traded down $0.26 during mid-day trading on Friday, hitting $12.63. 419,173 shares of the company's stock were exchanged, compared to its average volume of 574,399. The company's 50 day simple moving average is $13.23 and its 200-day simple moving average is $12.96. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.08 billion, a P/E ratio of 14.52 and a beta of 1.97. MRC Global Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $14.91.

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 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $794.17 million. During the same quarter last year, the firm posted $0.32 earnings per share. MRC Global's revenue was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that MRC Global Inc. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com cut MRC Global from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 9th. Susquehanna upped their target price 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, Stifel Nicolaus raised their price target on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th.

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.