Empowered Funds LLC acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 283,140 shares of the oil and gas company's stock, valued at approximately $3,607,000. Empowered Funds LLC owned approximately 0.33% of MRC Global at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MRC. CWM LLC grew its stake in MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 1,951 shares in the last quarter. Innealta Capital LLC bought a new position in shares of MRC Global in the second quarter valued at $45,000. DekaBank Deutsche Girozentrale acquired a new position in MRC Global during the second quarter worth $56,000. Canada Pension Plan Investment Board bought a new stake in MRC Global during the second quarter worth $56,000. Finally, nVerses Capital LLC acquired a new stake in MRC Global in the second quarter valued at $70,000. Institutional investors and hedge funds own 94.97% of the company's stock.
Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. StockNews.com downgraded MRC Global from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 9th. Finally, Susquehanna lifted their price objective on shares of MRC Global from $16.00 to $17.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th.
View Our Latest Stock Analysis on MRC Global
Shares of MRC stock opened at $13.40 on Tuesday. MRC Global Inc. has a 12-month low of $9.77 and a 12-month high of $14.91. The company has a market capitalization of $1.14 billion, a PE ratio of 15.40 and a beta of 1.97. The firm has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $12.87. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15.
MRC Global (NYSE:MRC - Get Free Report) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm's quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. As a group, analysts predict that MRC Global Inc. will post 0.89 earnings per share for the current year.
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.
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