MRC Global Inc. (NYSE:MRC) Shares Sold by Bokf Na

Bokf Na cut its holdings in shares of MRC Global Inc. (NYSE:MRC) by 5.7% during the second quarter, Holdings Channel.com reports. The fund owned 490,811 shares of the oil and gas company’s stock after selling 29,490 shares during the period. Bokf Na’s holdings in MRC Global were worth $6,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Acadian Asset Management LLC acquired a new stake in MRC Global in the first quarter valued at approximately $963,000. Beryl Capital Management LLC acquired a new position in MRC Global during the fourth quarter worth $1,881,000. Appian Way Asset Management LP purchased a new position in MRC Global during the fourth quarter valued at $4,745,000. Engine Capital Management LP grew its position in shares of MRC Global by 30.0% in the fourth quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company’s stock valued at $42,574,000 after purchasing an additional 891,454 shares during the period. Finally, Quest Partners LLC increased its stake in shares of MRC Global by 162.9% during the second quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock worth $981,000 after purchasing an additional 47,075 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

MRC Global Stock Performance

MRC opened at $11.69 on Friday. MRC Global Inc. has a twelve month low of $9.47 and a twelve month high of $14.91. The firm has a market capitalization of $996.46 million, a PE ratio of 13.59 and a beta of 1.97. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $13.06 and its 200 day moving average price is $12.66.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The business had revenue of $832.00 million during the quarter, compared to analyst estimates of $831.32 million. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that MRC Global Inc. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MRC. Susquehanna reiterated a “positive” rating and issued a $16.00 price objective on shares of MRC Global in a report on Wednesday, June 26th. StockNews.com lowered MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th.

MRC Global Company 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.