Fuller & Thaler Asset Management Inc. boosted its position in MRC Global Inc. (NYSE:MRC) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,781,986 shares of the oil and gas company’s stock after acquiring an additional 17,140 shares during the period. Fuller & Thaler Asset Management Inc. owned 4.00% of MRC Global worth $66,147,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MRC. BlackRock Inc. boosted its stake in shares of MRC Global by 8.9% during the 2nd quarter. BlackRock Inc. now owns 7,758,258 shares of the oil and gas company’s stock valued at $128,164,000 after purchasing an additional 632,231 shares in the last quarter. FMR LLC boosted its stake in shares of MRC Global by 1.8% during the 2nd quarter. FMR LLC now owns 6,270,253 shares of the oil and gas company’s stock valued at $103,585,000 after purchasing an additional 108,278 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of MRC Global by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,892,475 shares of the oil and gas company’s stock valued at $47,784,000 after purchasing an additional 95,838 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of MRC Global by 1.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,567,769 shares of the oil and gas company’s stock valued at $44,910,000 after purchasing an additional 30,382 shares in the last quarter. Finally, Ardevora Asset Management LLP boosted its stake in shares of MRC Global by 5.7% during the 3rd quarter. Ardevora Asset Management LLP now owns 2,130,800 shares of the oil and gas company’s stock valued at $37,268,000 after purchasing an additional 115,700 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “MRC Global Inc. (MRC) Holdings Raised by Fuller & Thaler Asset Management Inc.” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/mrc-global-inc-mrc-holdings-raised-by-fuller-thaler-asset-management-inc/1719907.html.

A number of brokerages have recently weighed in on MRC. Cowen and Company lifted their target price on shares of MRC Global from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. ValuEngine cut shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of MRC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price target on shares of MRC Global in a research report on Tuesday, October 17th. Finally, J P Morgan Chase & Co lowered their price target on shares of MRC Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.67.

Shares of MRC Global Inc. (NYSE:MRC) traded up $0.44 during trading on Wednesday, reaching $15.46. 1,294,500 shares of the company’s stock traded hands, compared to its average volume of 894,110. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.31 and a quick ratio of 1.16. MRC Global Inc. has a twelve month low of $14.01 and a twelve month high of $22.52.

MRC Global declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.

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

Receive News & Ratings for MRC Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.