Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.20 Million Investment in MRC Global Inc. (NYSE:MRC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of MRC Global Inc. (NYSE:MRC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 191,504 shares of the oil and gas company’s stock, valued at approximately $2,198,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of MRC Global at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Foundry Partners LLC boosted its holdings in MRC Global by 1.4% in the 1st quarter. Foundry Partners LLC now owns 359,253 shares of the oil and gas company’s stock worth $4,124,000 after buying an additional 4,858 shares during the period. Jennison Associates LLC grew its holdings in MRC Global by 15.0% in the first quarter. Jennison Associates LLC now owns 99,678 shares of the oil and gas company’s stock worth $1,144,000 after purchasing an additional 12,966 shares during the period. Bank of New York Mellon Corp grew its stake in shares of MRC Global by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 318,022 shares of the oil and gas company’s stock worth $3,651,000 after buying an additional 7,974 shares during the last quarter. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of MRC Global by 28.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 32,873 shares of the oil and gas company’s stock valued at $377,000 after buying an additional 7,263 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of MRC Global by 52.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,234 shares of the oil and gas company’s stock worth $270,000 after acquiring an additional 8,034 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MRC has been the topic of a number of research reports. Stifel Nicolaus reduced their price target on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Wall Street Zen raised shares of MRC Global from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Susquehanna lowered their price target on shares of MRC Global from $15.00 to $13.00 and set a “positive” rating on the stock in a report on Monday, April 14th.

MRC Global Stock Down 2.1%

Shares of NYSE MRC opened at $14.81 on Thursday. The company has a 50-day moving average of $13.27 and a 200 day moving average of $12.63. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.59. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.27 billion, a PE ratio of -134.64 and a beta of 1.61.

MRC Global (NYSE:MRC) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. MRC Global had a net margin of 0.47% and a return on equity of 12.82%. The company’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. As a group, sell-side analysts predict that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

MRC Global 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.