Citadel Advisors LLC cut its holdings in shares of MRC Global (NYSE:MRC) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,015,284 shares of the oil and gas company’s stock after selling 417,196 shares during the period. Citadel Advisors LLC’s holdings in MRC Global were worth $33,131,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MRC. Luminus Management LLC purchased a new stake in MRC Global during the fourth quarter worth about $24,348,000. Alliancebernstein L.P. increased its stake in MRC Global by 28.5% during 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 purchasing an additional 1,074,208 shares during the period. Thrivent Financial For Lutherans increased its stake in MRC Global by 58.5% during 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 purchasing an additional 840,210 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in MRC Global by 12.4% during 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 purchasing an additional 468,457 shares during the period. Finally, Deutsche Bank AG increased its stake in MRC Global by 86.7% during the fourth quarter. Deutsche Bank AG now owns 706,074 shares of the oil and gas company’s stock worth $11,945,000 after purchasing an additional 327,880 shares during the period. Institutional investors own 98.51% of the company’s stock.

MRC stock opened at $20.65 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 2.30. MRC Global has a fifty-two week low of $14.01 and a fifty-two week high of $21.31. The company has a market cap of $1.85 billion, a P/E ratio of 688.67, a PEG ratio of 1.59 and a beta of 1.49.

MRC Global (NYSE:MRC) last released its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.13 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $948.42 million. The firm’s revenue was up 17.2% compared to the same quarter last year. analysts anticipate that MRC Global will post 0.87 EPS for the current year.

In related news, CEO Andrew R. Lane sold 226,864 shares of the company’s stock in a transaction that occurred on 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 can be accessed through this hyperlink. Also, CEO Andrew R. Lane sold 293,155 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $19.00, for a total transaction of $5,569,945.00. The disclosure for this sale can be found here. Insiders have sold 1,072,932 shares of company stock worth $21,089,032 over the last 90 days. Insiders own 7.00% of the company’s stock.

MRC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of MRC Global from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of MRC Global from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Alembic Global Advisors reiterated a “buy” rating on shares of MRC Global in a research note on Tuesday, February 20th. Stifel Nicolaus cut their price target 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. Finally, Susquehanna Bancshares set a $22.00 price target on shares of MRC Global and gave the stock a “buy” rating in a research note on Friday, April 13th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.56.

MRC Global 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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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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