MRC Global Inc. (NYSE:MRC) Director Leonard M. Anthony Sells 40,000 Shares of Stock

MRC Global Inc. (NYSE:MRC) Director Leonard M. Anthony sold 40,000 shares of MRC Global stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $12.47, for a total transaction of $498,800.00. Following the sale, the director now owns 61,120 shares in the company, valued at approximately $762,166.40. This trade represents a 39.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MRC Global Trading Down 0.7 %

Shares of NYSE MRC opened at $13.18 on Wednesday. MRC Global Inc. has a fifty-two week low of $9.77 and a fifty-two week high of $14.91. The firm has a market capitalization of $1.12 billion, a P/E ratio of 15.15 and a beta of 1.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The company’s 50 day simple moving average is $13.22 and its 200 day simple moving average is $12.97.

MRC Global (NYSE:MRC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The firm had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $794.17 million. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue was down 10.2% compared to the same quarter last year. On average, analysts predict that MRC Global Inc. will post 0.85 EPS for the current year.

Institutional Trading of MRC Global

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in MRC Global by 308.2% in the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,951 shares during the period. SG Americas Securities LLC lifted its position in MRC Global by 44.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,570 shares of the oil and gas company’s stock worth $162,000 after buying an additional 3,877 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of MRC Global by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 72,238 shares of the oil and gas company’s stock worth $933,000 after buying an additional 1,149 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MRC Global by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 416,182 shares of the oil and gas company’s stock valued at $5,373,000 after acquiring an additional 37,557 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in MRC Global during the second quarter worth about $167,000. 94.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MRC shares. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Stifel Nicolaus lifted their price target on shares of MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Susquehanna boosted their price objective on MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.