Charles Schwab Investment Management Inc. lessened its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,198,164 shares of the oil and gas company's stock after selling 96,892 shares during the period. Charles Schwab Investment Management Inc. owned 1.41% of MRC Global worth $15,265,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of MRC Global by 18.9% during the second quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company's stock worth $16,636,000 after acquiring an additional 204,600 shares during the period. Rhumbline Advisers boosted its stake in MRC Global by 62.0% in the 2nd quarter. Rhumbline Advisers now owns 247,047 shares of the oil and gas company's stock valued at $3,189,000 after purchasing an additional 94,566 shares during the period. Quest Partners LLC grew its holdings in MRC Global by 162.9% in the 2nd quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company's stock valued at $981,000 after buying an additional 47,075 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in MRC Global by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,689,511 shares of the oil and gas company's stock valued at $47,629,000 after buying an additional 97,445 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in MRC Global during the 2nd quarter worth $4,418,000. Institutional investors and hedge funds own 94.97% of the company's stock.
MRC Global Price Performance
MRC Global stock traded down $0.32 during trading hours on Friday, reaching $13.57. 276,549 shares of the stock were exchanged, compared to its average volume of 546,375. The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $12.96. The company has a market cap of $1.16 billion, a P/E ratio of 15.60 and a beta of 1.97. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a twelve month low of $9.77 and a twelve month high of $14.91.
MRC Global (NYSE:MRC - Get Free Report) last posted 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 business had revenue of $797.00 million for the quarter, compared to analyst estimates of $794.17 million. During the same quarter last year, the business posted $0.32 EPS. The firm's revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts expect that MRC Global Inc. will post 0.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. StockNews.com cut MRC Global from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 9th. Finally, Susquehanna raised their price objective on MRC Global from $16.00 to $17.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th.
View Our Latest Analysis on MRC Global
MRC Global Company Profile
(
Free Report)
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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