Dynamic Technology Lab Private Ltd Purchases 54,560 Shares of MRC Global Inc. (NYSE:MRC)

Dynamic Technology Lab Private Ltd boosted its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 171.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,434 shares of the oil and gas company's stock after purchasing an additional 54,560 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.10% of MRC Global worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of MRC Global by 62.0% in the second quarter. Rhumbline Advisers now owns 247,047 shares of the oil and gas company's stock valued at $3,189,000 after buying an additional 94,566 shares in the last quarter. Quest Partners LLC lifted its position in shares of MRC Global by 162.9% during the 2nd quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company's stock valued at $981,000 after acquiring an additional 47,075 shares during the period. Renaissance Technologies LLC grew its holdings in shares of MRC Global by 18.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company's stock worth $16,636,000 after purchasing an additional 204,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MRC Global by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,689,511 shares of the oil and gas company's stock worth $47,629,000 after purchasing an additional 97,445 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in MRC Global in the second quarter valued at about $4,418,000. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of MRC Global from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. 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. Finally, Susquehanna raised their target price on MRC Global from $16.00 to $17.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th.

MRC Global Trading Down 0.4 %

Shares of NYSE:MRC traded down $0.05 during midday trading on Wednesday, reaching $13.96. The company's stock had a trading volume of 314,185 shares, compared to its average volume of 588,262. MRC Global Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $14.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. The firm has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $12.94. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.09 and a beta of 1.97.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. MRC Global's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, analysts forecast that MRC Global Inc. will post 0.89 earnings per share for the current year.

MRC Global Company 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.