MRC Global Inc. (NYSE:MRC) Stock Position Lowered by South Dakota Investment Council

South Dakota Investment Council decreased its position in MRC Global Inc. (NYSE:MRC) by 12.8% in the fourth quarter, HoldingsChannel reports. The firm owned 729,599 shares of the oil and gas company’s stock after selling 106,737 shares during the period. South Dakota Investment Council’s holdings in MRC Global were worth $8,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of MRC Global during the third quarter valued at $33,000. Luminus Management LLC acquired a new position in shares of MRC Global in the 3rd quarter valued at about $42,000. Principal Financial Group Inc. purchased a new stake in shares of MRC Global in the third quarter worth approximately $114,000. Mackenzie Financial Corp purchased a new position in MRC Global during the fourth quarter valued at approximately $120,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in MRC Global in the 4th quarter worth approximately $122,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

MRC Global Stock Performance

MRC stock traded down $0.36 on Wednesday, reaching $11.69. 271,088 shares of the company were exchanged, compared to its average volume of 566,957. The firm has a market capitalization of $986.52 million, a PE ratio of 11.59 and a beta of 1.99. MRC Global Inc. has a 12 month low of $8.15 and a 12 month high of $13.00. The stock’s fifty day moving average price is $12.17 and its 200 day moving average price is $11.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.76.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $810.52 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. On average, research analysts anticipate that MRC Global Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MRC. Susquehanna increased their price objective on MRC Global from $13.00 to $15.00 and gave the stock a “positive” rating in a report on Monday, April 8th. Stephens reaffirmed an “overweight” rating and set a $17.00 price objective on shares of MRC Global in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MRC Global has an average rating of “Buy” and an average price target of $15.33.

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.