Bank of Montreal Can Invests $1.86 Million in MRC Global Inc. (NYSE:MRC)

Bank of Montreal Can acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 144,145 shares of the oil and gas company's stock, valued at approximately $1,862,000. Bank of Montreal Can owned 0.17% of MRC Global at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of MRC Global by 308.2% in the second 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. Canada Pension Plan Investment Board bought a new stake in shares of MRC Global in the 2nd quarter valued at about $56,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of MRC Global in the 2nd quarter worth approximately $56,000. Finally, nVerses Capital LLC bought a new position in shares of MRC Global during the second quarter valued at approximately $70,000. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MRC has been the subject of a number of recent research reports. StockNews.com downgraded shares of MRC Global from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Susquehanna reissued a "positive" rating and issued a $16.00 price target on shares of MRC Global in a research report on Wednesday, June 26th.

MRC Global Stock Up 2.5 %

Shares of NYSE MRC traded up $0.32 during trading hours on Friday, hitting $12.89. 350,951 shares of the stock were exchanged, compared to its average volume of 587,937. MRC Global Inc. has a 12 month low of $9.47 and a 12 month high of $14.91. The firm has a fifty day moving average price of $12.66 and a 200-day moving average price of $12.72. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.10 billion, a PE ratio of 14.99 and a beta of 1.97.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The business had revenue of $832.00 million for the quarter, compared to the consensus estimate of $831.32 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business's quarterly revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts expect that MRC Global Inc. will post 0.91 EPS for the current year.

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.