MRC Global (NYSE:MRC) CEO Andrew R. Lane sold 226,864 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $20.49, for a total transaction of $4,648,443.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of MRC Global traded up $0.15, hitting $20.81, during mid-day trading on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 750,018 shares, compared to its average volume of 746,158. The stock has a market capitalization of $1.85 billion, a P/E ratio of 693.67, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.30 and a quick ratio of 1.08. MRC Global has a fifty-two week low of $14.01 and a fifty-two week high of $20.88.
MRC Global (NYSE:MRC) last announced its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. MRC Global had a net margin of 1.63% and a return on equity of 5.13%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $948.42 million. The firm’s revenue was up 17.2% on a year-over-year basis. equities research analysts forecast that MRC Global will post 0.87 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in MRC. Luminus Management LLC acquired a new position in shares of MRC Global in the fourth quarter worth about $24,348,000. Alliancebernstein L.P. boosted its holdings in shares of MRC Global by 28.5% in the fourth quarter. Alliancebernstein L.P. now owns 4,845,387 shares of the oil and gas company’s stock worth $81,984,000 after buying an additional 1,074,208 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of MRC Global by 58.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 2,276,750 shares of the oil and gas company’s stock worth $38,523,000 after buying an additional 840,210 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of MRC Global by 12.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,250,443 shares of the oil and gas company’s stock worth $71,917,000 after buying an additional 468,457 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of MRC Global by 86.7% in the fourth quarter. Deutsche Bank AG now owns 706,074 shares of the oil and gas company’s stock worth $11,945,000 after buying an additional 327,880 shares during the period.
Several equities analysts have recently issued reports on MRC shares. Stifel Nicolaus lowered their price objective on shares of MRC Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 16th. Susquehanna Bancshares set a $22.00 price objective on shares of MRC Global and gave the stock a “buy” rating in a research note on Friday, April 13th. Alembic Global Advisors reaffirmed a “buy” rating on shares of MRC Global in a research note on Tuesday, February 20th. Stephens set a $24.00 price objective on shares of MRC Global and gave the stock a “buy” rating in a research note on Saturday, February 17th. Finally, Zacks Investment Research raised shares of MRC Global from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, April 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $20.56.
MRC Global Company Profile
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related 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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