Victory Capital Management Inc. Lowers Stock Position in MRC Global Inc. (NYSE:MRC)

Victory Capital Management Inc. decreased its position in MRC Global Inc. (NYSE:MRC - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,324,088 shares of the oil and gas company's stock after selling 45,427 shares during the quarter. Victory Capital Management Inc. owned 1.55% of MRC Global worth $16,922,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its position in MRC Global by 7.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock valued at $427,000 after buying an additional 2,219 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in MRC Global by 17.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,264 shares of the oil and gas company's stock valued at $387,000 after purchasing an additional 4,440 shares during the period. New York State Common Retirement Fund grew its stake in MRC Global by 21.8% during the 4th quarter. New York State Common Retirement Fund now owns 27,900 shares of the oil and gas company's stock worth $357,000 after purchasing an additional 4,992 shares in the last quarter. Longboard Asset Management LP purchased a new stake in MRC Global during the 4th quarter worth about $134,000. Finally, The Manufacturers Life Insurance Company raised its position in MRC Global by 33.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 42,883 shares of the oil and gas company's stock valued at $546,000 after purchasing an additional 10,822 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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MRC Global Stock Up 2.2 %

Shares of MRC Global stock traded up $0.24 on Friday, reaching $11.35. 1,264,078 shares of the company were exchanged, compared to its average volume of 563,625. The stock's 50 day moving average price is $13.23 and its 200-day moving average price is $13.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. MRC Global Inc. has a 1-year low of $9.41 and a 1-year high of $15.41. The company has a market cap of $967.51 million, a P/E ratio of 13.05 and a beta of 1.96.

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

MRC Global announced that its Board of Directors has authorized a stock repurchase program on Friday, January 3rd that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the oil and gas company to buy up to 11% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.