Broadview Advisors LLC Purchases 4,450 Shares of MRC Global Inc (MRC)

Broadview Advisors LLC raised its position in shares of MRC Global Inc (NYSE:MRC) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 333,375 shares of the oil and gas company’s stock after buying an additional 4,450 shares during the quarter. Broadview Advisors LLC’s holdings in MRC Global were worth $6,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in shares of MRC Global during the 3rd quarter valued at about $198,000. Point72 Hong Kong Ltd bought a new position in shares of MRC Global during the 2nd quarter valued at approximately $217,000. Trexquant Investment LP bought a new position in shares of MRC Global during the 3rd quarter valued at approximately $248,000. Global X Management Co LLC grew its stake in shares of MRC Global by 19.0% during the 2nd quarter. Global X Management Co LLC now owns 18,475 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 2,951 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of MRC Global during the 2nd quarter valued at approximately $405,000.

Shares of NYSE:MRC opened at $15.36 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 512.00, a P/E/G ratio of 1.75 and a beta of 1.66. The company has a quick ratio of 1.23, a current ratio of 2.64 and a debt-to-equity ratio of 0.92. MRC Global Inc has a 12-month low of $14.71 and a 12-month high of $22.98.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.05). MRC Global had a return on equity of 9.12% and a net margin of 2.43%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts expect that MRC Global Inc will post 0.6 earnings per share for the current year.

MRC has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on MRC Global from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. TheStreet downgraded MRC Global from a “b-” rating to a “c+” rating in a research note on Friday, October 19th. Raymond James cut their price objective on MRC Global from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Zacks Investment Research downgraded MRC Global from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Cowen reiterated a “buy” rating and set a $25.00 price objective on shares of MRC Global in a research note on Friday, October 12th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

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MRC Global Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. 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 products, and top work components, as well as measurement, steam, and instrumentation products.

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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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