DekaBank Deutsche Girozentrale Makes New $67,000 Investment in MRC Global Inc. $MRC

DekaBank Deutsche Girozentrale bought a new position in MRC Global Inc. (NYSE:MRC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,497 shares of the oil and gas company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in MRC Global by 24.7% in the 1st quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 1,081 shares during the last quarter. Optimize Financial Inc boosted its holdings in shares of MRC Global by 12.7% in the first quarter. Optimize Financial Inc now owns 19,276 shares of the oil and gas company’s stock valued at $221,000 after acquiring an additional 2,169 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of MRC Global by 14.0% in the first quarter. EP Wealth Advisors LLC now owns 17,885 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 2,203 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of MRC Global by 8.3% in the first quarter. Voya Investment Management LLC now owns 38,353 shares of the oil and gas company’s stock valued at $440,000 after acquiring an additional 2,936 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of MRC Global by 1.6% in the first quarter. Martingale Asset Management L P now owns 198,065 shares of the oil and gas company’s stock valued at $2,274,000 after acquiring an additional 3,112 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

MRC Global Trading Down 3.7%

Shares of NYSE:MRC opened at $13.93 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -58.06 and a beta of 1.62. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.84. The company has a 50 day moving average price of $14.42 and a 200 day moving average price of $13.41.

MRC Global (NYSE:MRC) last issued its earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share for the quarter. MRC Global had a positive return on equity of 11.81% and a negative net margin of 0.10%.The business had revenue of $609.00 million for the quarter. On average, research analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MRC has been the subject of several recent analyst reports. Susquehanna cut shares of MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of MRC Global in a report on Wednesday, October 8th. Stifel Nicolaus decreased their price objective on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, July 21st. Zacks Research upgraded shares of MRC Global to a “hold” rating in a report on Friday, August 8th. Finally, Loop Capital cut shares of MRC Global from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Monday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.67.

About MRC Global

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.