Laurion Capital Management LP bought a new position in MRC Global Inc. (NYSE:MRC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,400 shares of the oil and gas company’s stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of the company. Suntrust Banks Inc. increased its position in MRC Global by 0.6% in the first quarter. Suntrust Banks Inc. now owns 18,092 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 111 shares during the last quarter. Envestnet Asset Management Inc. increased its position in MRC Global by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,569 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 321 shares during the last quarter. Vident Investment Advisory LLC increased its position in MRC Global by 0.8% in the fourth quarter. Vident Investment Advisory LLC now owns 174,180 shares of the oil and gas company’s stock valued at $3,529,000 after buying an additional 1,392 shares during the last quarter. Strs Ohio increased its position in MRC Global by 2.6% in the first quarter. Strs Ohio now owns 58,200 shares of the oil and gas company’s stock valued at $1,066,000 after buying an additional 1,500 shares during the last quarter. Finally, Redwood Investments LLC increased its position in MRC Global by 20.2% in the first quarter. Redwood Investments LLC now owns 9,237 shares of the oil and gas company’s stock valued at $169,000 after buying an additional 1,554 shares during the last quarter. 96.97% of the stock is owned by institutional investors and hedge funds.

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

Shares of MRC Global Inc. (MRC) traded down 1.88% during midday trading on Friday, reaching $17.25. The company’s stock had a trading volume of 1,216,986 shares. The stock’s 50 day moving average is $18.82 and its 200 day moving average is $19.60. MRC Global Inc. has a 12 month low of $11.50 and a 12 month high of $22.52. The stock’s market capitalization is $1.63 billion.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $862 million for the quarter, compared to analysts’ expectations of $798.38 million. MRC Global had a negative return on equity of 2.39% and a negative net margin of 2.21%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, analysts forecast that MRC Global Inc. will post $0.21 EPS for the current fiscal year.

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Several equities analysts recently weighed in on the company. BidaskClub raised MRC Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus assumed coverage on MRC Global in a research note on Tuesday, June 6th. They issued a “buy” rating and a $22.00 price objective for the company. KeyCorp reaffirmed a “sector weight” rating on shares of MRC Global in a research note on Friday, May 26th. Raymond James Financial, Inc. raised MRC Global from a “market perform” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, April 19th. Finally, Susquehanna Bancshares Inc assumed coverage on MRC Global in a research note on Tuesday, April 11th. They issued a “positive” rating and a $23.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.63.

About MRC Global

MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

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