Insider Selling: MRC Global Inc. (NYSE:MRC) Director Sells $498,800.00 in Stock

MRC Global Inc. (NYSE:MRC) Director Leonard M. Anthony sold 40,000 shares of the business’s 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 completion of the sale, the director now directly owns 61,120 shares of the company’s stock, valued at approximately $762,166.40. The trade was a 39.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

MRC Global Price Performance

MRC stock opened at $12.61 on Friday. The company’s 50-day moving average price is $13.22 and its two-hundred day moving average price is $12.97. The firm has a market cap of $1.07 billion, a P/E ratio of 14.49 and a beta of 1.97. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a 12 month low of $9.77 and a 12 month high of $14.91.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On MRC Global

A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in MRC Global by 7,541.8% in the second quarter. Victory Capital Management Inc. now owns 1,342,896 shares of the oil and gas company’s stock valued at $17,337,000 after acquiring an additional 1,325,323 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of MRC Global by 167.3% in the second quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company’s stock worth $15,559,000 after acquiring an additional 754,376 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of MRC Global by 456.3% in the 2nd quarter. Acadian Asset Management LLC now owns 427,298 shares of the oil and gas company’s stock valued at $5,513,000 after purchasing an additional 350,492 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of MRC Global during the 2nd quarter valued at approximately $4,418,000. Finally, Empowered Funds LLC acquired a new position in MRC Global during the 3rd quarter worth approximately $3,607,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

MRC Global Company Profile

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.