Charles Schwab Investment Management Inc. cut its holdings in MRC Global Inc. (NYSE:MRC – Free Report) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 1,441,162 shares of the oil and gas company’s stock after selling 13,704 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MRC Global were worth $14,772,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Engineers Gate Manager LP increased its stake in MRC Global by 3.9% in the 3rd quarter. Engineers Gate Manager LP now owns 25,157 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 945 shares during the last quarter. Legal & General Group Plc increased its stake in MRC Global by 3.3% in the 4th quarter. Legal & General Group Plc now owns 38,723 shares of the oil and gas company’s stock worth $448,000 after buying an additional 1,234 shares during the period. Bank of New York Mellon Corp increased its position in MRC Global by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 337,546 shares of the oil and gas company’s stock valued at $4,020,000 after purchasing an additional 1,473 shares during the period. Swiss National Bank increased its position in MRC Global by 0.9% during the 3rd quarter. Swiss National Bank now owns 185,149 shares of the oil and gas company’s stock valued at $1,898,000 after purchasing an additional 1,700 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in MRC Global by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,844 shares of the oil and gas company’s stock valued at $658,000 after purchasing an additional 1,807 shares during the period.
MRC Global Trading Down 0.7 %
MRC stock opened at $11.62 on Tuesday. The company’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $10.36. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. MRC Global Inc. has a 52-week low of $8.15 and a 52-week high of $12.43. The firm has a market cap of $980.19 million, a P/E ratio of 11.17 and a beta of 1.99.
MRC Global (NYSE:MRC – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The company had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $810.52 million. During the same period in the previous year, the firm posted $0.32 EPS. MRC Global’s revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts forecast that MRC Global Inc. will post 1.19 EPS for the current fiscal year.
Analysts Set New Price Targets
MRC has been the topic of a number of analyst reports. StockNews.com raised shares of MRC Global from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Susquehanna upped their target price on MRC Global from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Thursday, November 9th. Finally, Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of MRC Global in a research report on Wednesday, February 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $14.75.
View Our Latest Stock Analysis on MRC
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.
See Also
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