Leonard M. Anthony Sells 40,000 Shares of MRC Global Inc. (NYSE:MRC) Stock

MRC Global Inc. (NYSE:MRC) Director Leonard M. Anthony sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $12.47, for a total transaction of $498,800.00. Following the transaction, the director now owns 61,120 shares of the company’s stock, valued at approximately $762,166.40. This trade represents a 39.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MRC Global Price Performance

MRC stock opened at $12.70 on Thursday. MRC Global Inc. has a 1 year low of $9.77 and a 1 year high of $14.91. The firm has a market capitalization of $1.08 billion, a PE ratio of 14.60 and a beta of 1.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The business has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $12.97.

MRC Global (NYSE:MRC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.58% and a net margin of 3.09%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Equities research analysts anticipate that MRC Global Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their price objective on MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. StockNews.com lowered MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Susquehanna upped their target price on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On MRC Global

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of MRC Global by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,956,725 shares of the oil and gas company’s stock worth $24,934,000 after buying an additional 32,760 shares during the last quarter. Barclays PLC increased its stake in MRC Global by 197.7% during the third quarter. Barclays PLC now owns 151,169 shares of the oil and gas company’s stock worth $1,927,000 after acquiring an additional 100,384 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in MRC Global in the third quarter valued at $167,000. Wellington Management Group LLP lifted its stake in shares of MRC Global by 1.8% in the 3rd quarter. Wellington Management Group LLP now owns 3,209,251 shares of the oil and gas company’s stock valued at $40,886,000 after purchasing an additional 55,553 shares during the last quarter. Finally, Western Standard LLC grew its holdings in shares of MRC Global by 23.6% during the 3rd quarter. Western Standard LLC now owns 162,561 shares of the oil and gas company’s stock worth $2,071,000 after purchasing an additional 30,998 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.