MRC Global Inc. $MRC Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its position in shares of MRC Global Inc. (NYSE:MRC) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,885 shares of the oil and gas company’s stock after purchasing an additional 2,203 shares during the quarter. EP Wealth Advisors LLC’s holdings in MRC Global were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming raised its holdings in shares of MRC Global by 89.1% during the first quarter. State of Wyoming now owns 54,650 shares of the oil and gas company’s stock worth $627,000 after purchasing an additional 25,756 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of MRC Global by 64.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,303,210 shares of the oil and gas company’s stock valued at $14,961,000 after buying an additional 508,723 shares during the period. Virtus Advisers LLC bought a new stake in shares of MRC Global during the 1st quarter valued at about $139,000. Comerica Bank raised its stake in MRC Global by 6.1% during the first quarter. Comerica Bank now owns 72,932 shares of the oil and gas company’s stock worth $837,000 after acquiring an additional 4,172 shares during the period. Finally, Penn Capital Management Company LLC bought a new position in MRC Global in the first quarter worth about $505,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

MRC Global Stock Performance

MRC opened at $14.51 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $14.17 and its 200-day moving average is $12.72. The stock has a market cap of $1.23 billion, a PE ratio of -60.46 and a beta of 1.72. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.59.

MRC Global (NYSE:MRC) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $798.00 million for the quarter, compared to analysts’ expectations of $784.60 million. MRC Global had a positive return on equity of 11.81% and a negative net margin of 0.10%.The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. On average, analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

MRC has been the subject of a number of research reports. Wall Street Zen upgraded MRC Global from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Stifel Nicolaus cut their price target on MRC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Susquehanna boosted their price objective on MRC Global from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Zacks Research raised MRC Global to a “hold” rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.