Miller Howard Investments Inc. NY trimmed its holdings in shares of MRC Global Inc (NYSE:MRC) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,635 shares of the oil and gas company’s stock after selling 3,391 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in MRC Global were worth $3,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in MRC Global during the fourth quarter valued at approximately $55,000. CX Institutional bought a new position in shares of MRC Global in the fourth quarter worth approximately $57,000. Pearl River Capital LLC bought a new position in shares of MRC Global in the fourth quarter worth approximately $101,000. Sun Life Financial INC bought a new position in shares of MRC Global in the fourth quarter worth approximately $103,000. Finally, Amalgamated Bank bought a new position in shares of MRC Global in the fourth quarter worth approximately $144,000.

MRC opened at $18.65 on Tuesday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.42 and a beta of 1.96. MRC Global Inc has a 1-year low of $11.62 and a 1-year high of $22.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.57 and a quick ratio of 1.17.

MRC Global (NYSE:MRC) last issued its earnings results on Thursday, February 14th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). MRC Global had a return on equity of 10.41% and a net margin of 1.77%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.36 EPS. MRC Global’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that MRC Global Inc will post 0.86 earnings per share for the current fiscal year.

In related news, insider Grant R. Bates sold 30,500 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $18.78, for a total transaction of $572,790.00. Following the completion of the transaction, the insider now owns 34,461 shares in the company, valued at $647,177.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $17.13, for a total transaction of $256,950.00. Following the transaction, the senior vice president now owns 70,854 shares of the company’s stock, valued at approximately $1,213,729.02. The disclosure for this sale can be found here. 23.10% of the stock is currently owned by corporate insiders.

MRC has been the subject of a number of recent analyst reports. ValuEngine lowered shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Stephens reiterated a “buy” rating and issued a $22.00 price target on shares of MRC Global in a research report on Wednesday, February 20th. Zacks Investment Research lowered shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Stifel Nicolaus lowered shares of MRC Global from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.56.

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About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure 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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