Strs Ohio Trims Stake in MRC Global Inc. (NYSE:MRC)

Strs Ohio reduced its position in MRC Global Inc. (NYSE:MRC) by 10.2% in the first quarter, Holdings reports. The firm owned 95,400 shares of the oil and gas company’s stock after selling 10,800 shares during the quarter. Strs Ohio’s holdings in MRC Global were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRC. First Trust Advisors LP boosted its holdings in shares of MRC Global by 130.2% in the 1st quarter. First Trust Advisors LP now owns 131,570 shares of the oil and gas company’s stock worth $2,300,000 after purchasing an additional 74,404 shares in the last quarter. Sei Investments Co. bought a new stake in shares of MRC Global in the 3rd quarter valued at about $129,000. Frontier Capital Management Co. LLC lifted its stake in shares of MRC Global by 7.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,769,596 shares of the oil and gas company’s stock valued at $18,362,000 after acquiring an additional 193,176 shares during the last quarter. Sawgrass Asset Management LLC bought a new stake in shares of MRC Global in the 4th quarter valued at about $97,000. Finally, Dupont Capital Management Corp bought a new stake in shares of MRC Global in the 4th quarter valued at about $286,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $7.00 target price on shares of MRC Global in a research note on Thursday, February 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $7.25.

NYSE MRC opened at $11.13 on Wednesday. The stock has a 50-day moving average of $9.42 and a 200-day moving average of $7.75. The firm has a market cap of $918.29 million, a PE ratio of -2.88 and a beta of 2.55. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 1.17. MRC Global Inc. has a 1-year low of $3.93 and a 1-year high of $12.11.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Tuesday, April 27th. The oil and gas company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. MRC Global had a positive return on equity of 0.62% and a negative net margin of 10.67%. As a group, equities research analysts forecast that MRC Global Inc. will post -0.24 earnings per share for the current fiscal year.

MRC Global Company Profile

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. 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 and top work components, and valve modification services, 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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