Leonard M. Anthony Sells 40,000 Shares of MRC Global Inc. (NYSE:MRC) Stock

MRC Global Inc. (NYSE:MRC - Get Free Report) Director Leonard M. Anthony sold 40,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $12.47, for a total value of $498,800.00. Following the completion of the sale, the director now owns 61,120 shares in the company, valued at $762,166.40. The trade was a 39.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MRC Global Trading Down 0.7 %

NYSE MRC traded down $0.09 on Tuesday, hitting $13.18. 479,626 shares of the company were exchanged, compared to its average volume of 576,150. The company's 50 day moving average price is $13.22 and its 200-day moving average price is $12.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The firm has a market capitalization of $1.12 billion, a P/E ratio of 15.15 and a beta of 1.97. 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 data 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. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The business'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 company earned $0.32 EPS. Analysts predict that MRC Global Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Susquehanna raised their price target on MRC Global from $16.00 to $17.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, StockNews.com cut shares of MRC Global from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th.

Hedge Funds Weigh In On MRC Global

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in MRC Global by 308.2% during the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 1,951 shares in the last quarter. Innealta Capital LLC purchased a new position in MRC Global during the 2nd quarter valued at about $45,000. DekaBank Deutsche Girozentrale bought a new stake in shares of MRC Global in the 2nd quarter valued at approximately $56,000. Canada Pension Plan Investment Board bought a new stake in shares of MRC Global in the 2nd quarter valued at approximately $56,000. Finally, nVerses Capital LLC bought a new stake in shares of MRC Global in the 2nd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

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.