California State Teachers Retirement System Sells 1,471 Shares of MRC Global Inc. (NYSE:MRC)

California State Teachers Retirement System cut its holdings in shares of MRC Global Inc. (NYSE:MRC) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,320 shares of the oil and gas company’s stock after selling 1,471 shares during the period. California State Teachers Retirement System owned about 0.12% of MRC Global worth $1,014,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MRC. American Century Companies Inc. grew its position in MRC Global by 69.7% during the 4th quarter. American Century Companies Inc. now owns 2,820,071 shares of the oil and gas company’s stock worth $32,656,000 after acquiring an additional 1,158,212 shares during the last quarter. Royce & Associates LP grew its position in MRC Global by 132.9% during 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 acquiring an additional 1,022,608 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in MRC Global during the 1st quarter worth approximately $10,955,000. Vanguard Group Inc. grew its position in MRC Global by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,305,105 shares of the oil and gas company’s stock worth $59,714,000 after acquiring an additional 455,224 shares during the last quarter. Finally, BlackRock Inc. boosted its position in MRC Global by 6.6% in the 3rd quarter. BlackRock Inc. now owns 6,384,542 shares of the oil and gas company’s stock valued at $45,905,000 after buying an additional 393,266 shares during the last quarter.

MRC Global Stock Up 4.6 %

NYSE:MRC opened at $9.75 on Friday. 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. The firm has a market capitalization of $819.12 million, a P/E ratio of 10.48 and a beta of 2.20. The stock’s fifty day simple moving average is $10.10 and its 200-day simple moving average is $9.90.

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

Analyst Ratings Changes

MRC has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $17.00 price objective on shares of MRC Global in a research report on Tuesday, August 8th. StockNews.com initiated coverage on MRC Global in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. TheStreet upgraded MRC Global from a “c+” rating to a “b-” rating in a research report on Friday, July 14th. Finally, Susquehanna decreased their price objective 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, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.67.

MRC Global 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.