Grant R. Bates Sells 30,500 Shares of MRC Global Inc (MRC) Stock

MRC Global Inc (NYSE:MRC) insider Grant R. Bates sold 30,500 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $18.78, for a total value of $572,790.00. Following the sale, the insider now directly owns 34,461 shares of the company’s stock, valued at $647,177.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:MRC opened at $18.04 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.57 and a quick ratio of 1.23. MRC Global Inc has a 1 year low of $11.62 and a 1 year high of $22.98. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.28 and a beta of 1.86.

MRC Global (NYSE:MRC) last released its earnings results on Thursday, February 14th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. MRC Global had a return on equity of 10.41% and a net margin of 1.77%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, equities research analysts predict that MRC Global Inc will post 0.96 EPS for the current fiscal year.

A number of brokerages recently commented on MRC. Stephens reaffirmed a “buy” rating and set a $22.00 price target on shares of MRC Global in a research report on Wednesday. Wells Fargo & Co decreased their target price on MRC Global from $18.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, December 21st. ValuEngine downgraded MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Stifel Nicolaus reissued a “buy” rating and issued a $17.00 target price on shares of MRC Global in a research report on Wednesday, December 19th. Finally, Cowen reissued a “buy” rating and issued a $24.00 target price on shares of MRC Global in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.30.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. grew its position in shares of MRC Global by 1.5% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 64,179 shares of the oil and gas company’s stock valued at $785,000 after purchasing an additional 923 shares in the last quarter. Amalgamated Bank purchased a new position in shares of MRC Global in the fourth quarter valued at $144,000. Premier Asset Management LLC purchased a new position in shares of MRC Global in the fourth quarter valued at $197,000. Legal & General Group Plc grew its position in shares of MRC Global by 2.4% in the fourth quarter. Legal & General Group Plc now owns 94,473 shares of the oil and gas company’s stock valued at $1,156,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of MRC Global by 8.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,803,758 shares of the oil and gas company’s stock valued at $34,290,000 after purchasing an additional 206,591 shares in the last quarter. Institutional investors own 96.52% of the company’s stock.

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MRC Global Company 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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