MRC Global Inc. (NYSE:MRC) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its position in MRC Global Inc. (NYSE:MRC - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 958,042 shares of the oil and gas company's stock after buying an additional 48,290 shares during the period. Royce & Associates LP owned about 1.12% of MRC Global worth $12,244,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MRC. Longboard Asset Management LP purchased a new position in MRC Global in the 4th quarter valued at about $134,000. EP Wealth Advisors LLC purchased a new position in MRC Global in the 3rd quarter valued at $167,000. Ieq Capital LLC acquired a new stake in shares of MRC Global in the fourth quarter valued at approximately $187,000. Intech Investment Management LLC purchased a new position in MRC Global during the third quarter worth approximately $193,000. Finally, Walleye Capital LLC purchased a new stake in MRC Global in the 3rd quarter valued at $196,000. Institutional investors and hedge funds own 94.97% of the company's stock.

MRC Global Trading Down 2.8 %

MRC Global stock traded down $0.35 during trading on Friday, hitting $11.95. The company had a trading volume of 2,233,179 shares, compared to its average volume of 580,220. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $13.08 and its 200-day simple moving average is $12.98. MRC Global Inc. has a 1-year low of $9.42 and a 1-year high of $15.41. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 13.73 and a beta of 1.96.

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MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Friday, March 14th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $736.80 million for the quarter, compared to analyst estimates of $726.90 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. MRC Global's revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, analysts expect that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

MRC Global announced that its board has initiated a share buyback program on Friday, January 3rd that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 11% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MRC. Loop Capital lowered their price target on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Monday. Susquehanna lowered their price objective on MRC Global from $17.00 to $15.00 and set a "positive" rating for the company in a research report on Monday. Finally, StockNews.com downgraded MRC Global from a "buy" rating to a "hold" rating in a research report on Monday.

MRC Global 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.