Wellington Management Group LLP Boosts Position in MRC Global Inc. (NYSE:MRC)

Wellington Management Group LLP increased its position in MRC Global Inc. (NYSE:MRC - Free Report) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,209,251 shares of the oil and gas company's stock after purchasing an additional 55,553 shares during the period. Wellington Management Group LLP owned 3.76% of MRC Global worth $40,886,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MRC. Essex Investment Management Co. LLC lifted its stake in MRC Global by 0.4% in the third quarter. Essex Investment Management Co. LLC now owns 300,195 shares of the oil and gas company's stock valued at $3,824,000 after buying an additional 1,063 shares during the last quarter. SummerHaven Investment Management LLC raised its position in MRC Global by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 72,238 shares of the oil and gas company's stock valued at $933,000 after purchasing an additional 1,149 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in MRC Global by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,061 shares of the oil and gas company's stock worth $414,000 after purchasing an additional 1,289 shares during the period. CWM LLC grew its position 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 worth $33,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MRC Global by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,532 shares of the oil and gas company's stock valued at $317,000 after purchasing an additional 2,176 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

MRC Global Price Performance

NYSE:MRC traded down $0.17 during trading hours on Thursday, hitting $13.43. The company's stock had a trading volume of 171,005 shares, compared to its average volume of 576,954. MRC Global Inc. has a 52-week low of $9.77 and a 52-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 business's 50-day moving average is $13.18 and its two-hundred day moving average is $12.97. The company has a market capitalization of $1.14 billion, a PE ratio of 15.63 and a beta of 1.97.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $797.00 million during the quarter, compared to the consensus estimate of $794.17 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The business's revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. As a group, research analysts anticipate that MRC Global Inc. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.