Insider Selling: MRC Global Inc. (NYSE:MRC) Director Sells 40,000 Shares of 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 stock was sold at an average price of $12.47, for a total transaction of $498,800.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MRC Global Stock Performance

MRC traded down $0.09 during midday trading on Tuesday, reaching $13.18. The company had a trading volume of 479,626 shares, compared to its average volume of 575,557. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. The stock has a market cap of $1.12 billion, a PE ratio of 15.25 and a beta of 1.97. MRC Global Inc. has a 12-month low of $9.77 and a 12-month high of $14.91. The business has a 50-day moving average price of $13.21 and a two-hundred day moving average price of $12.97.

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

Institutional Trading of MRC Global

A number of institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC increased its holdings in shares of MRC Global by 0.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 300,195 shares of the oil and gas company’s stock worth $3,824,000 after buying an additional 1,063 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of MRC Global by 1.6% in 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. The Manufacturers Life Insurance Company increased its holdings in shares of MRC Global by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,061 shares of the oil and gas company’s stock worth $414,000 after buying an additional 1,289 shares during the last quarter. CWM LLC boosted its stake in shares of MRC Global by 308.2% in the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,951 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MRC Global by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,532 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 2,176 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.