MRC Global Inc. (NYSE:MRC) Stake Boosted by Barclays PLC

Barclays PLC grew its stake in shares of MRC Global Inc. (NYSE:MRC) by 137.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,720 shares of the oil and gas company’s stock after purchasing an additional 44,947 shares during the quarter. Barclays PLC owned approximately 0.09% of MRC Global worth $756,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in MRC Global by 132.9% in the 1st quarter. Royce & Associates LP now owns 1,792,108 shares of the oil and gas company’s stock worth $17,419,000 after buying an additional 1,022,608 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in MRC Global in the 1st quarter worth approximately $349,000. Miller Howard Investments Inc. NY grew its holdings in MRC Global by 9.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 148,056 shares of the oil and gas company’s stock worth $1,439,000 after buying an additional 12,510 shares in the last quarter. Venturi Wealth Management LLC bought a new position in MRC Global in the 1st quarter worth approximately $52,000. Finally, Virtu Financial LLC bought a new position in MRC Global in the 1st quarter worth approximately $118,000.

MRC Global Price Performance

MRC opened at $9.23 on Friday. The stock has a fifty day moving average of $10.18 and a 200-day moving average of $10.04. The firm has a market capitalization of $774.99 million, a P/E ratio of 9.92 and a beta of 2.20. MRC Global Inc. has a 12-month low of $7.03 and a 12-month high of $13.90. The company has a quick ratio of 1.01, a current ratio of 2.16 and a debt-to-equity ratio of 0.85.

MRC Global (NYSE:MRC) last released its earnings results on Monday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The business had revenue of $871.00 million during the quarter, compared to analysts’ expectations of $914.58 million. MRC Global had a net margin of 2.92% and a return on equity of 34.08%. MRC Global’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. Equities analysts forecast that MRC Global Inc. will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MRC has been the subject of a number of recent analyst reports. TheStreet raised MRC Global from a “c+” rating to a “b-” rating in a report on Friday, July 14th. Stephens restated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a research report on Tuesday, August 8th. StockNews.com assumed coverage on MRC Global in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Susquehanna cut their target price on MRC Global from $15.00 to $12.00 in a research report on Wednesday, May 10th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, MRC Global presently has an average rating of “Buy” and a consensus price target of $14.67.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.