MRC Global Inc. $MRC Holdings Lifted by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC grew its position in MRC Global Inc. (NYSE:MRC) by 20.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,263 shares of the oil and gas company’s stock after purchasing an additional 17,398 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in MRC Global were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of MRC Global in the 1st quarter worth approximately $44,000. Meeder Asset Management Inc. lifted its stake in shares of MRC Global by 24.7% in the 1st quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 1,081 shares during the period. Virtus Advisers LLC acquired a new stake in shares of MRC Global in the 1st quarter worth approximately $139,000. GAMMA Investing LLC lifted its stake in shares of MRC Global by 1,576.2% in the 1st quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company’s stock worth $161,000 after acquiring an additional 13,224 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of MRC Global in the 1st quarter worth approximately $165,000. 94.97% of the stock is owned by institutional investors and hedge funds.

MRC Global Stock Down 5.2%

Shares of NYSE:MRC opened at $13.24 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.84. The company has a market cap of $1.13 billion, a PE ratio of -55.17 and a beta of 1.62. MRC Global Inc. has a 52 week low of $9.23 and a 52 week high of $15.59. The firm has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $13.15.

MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) EPS for the quarter. The firm had revenue of $609.00 million during the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. As a group, research analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MRC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MRC Global in a research note on Wednesday. Susquehanna lowered shares of MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, October 2nd. Zacks Research raised shares of MRC Global to a “hold” rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus cut their target price on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MRC Global has a consensus rating of “Hold” and an average target price of $16.00.

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.