Bank of New York Mellon Corp raised its position in MRC Global Inc (NYSE:MRC) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 384,411 shares of the oil and gas company’s stock after buying an additional 23,177 shares during the quarter. Bank of New York Mellon Corp’s holdings in MRC Global were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of MRC Global in the 4th quarter worth about $55,000. CX Institutional acquired a new stake in MRC Global during the 4th quarter valued at approximately $57,000. Pearl River Capital LLC acquired a new stake in MRC Global during the 4th quarter valued at approximately $101,000. Sun Life Financial INC acquired a new stake in MRC Global during the 4th quarter valued at approximately $103,000. Finally, Homrich & Berg acquired a new stake in MRC Global during the 4th quarter valued at approximately $248,000.

In other news, SVP John L. Bowhay sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $17.13, for a total value of $256,950.00. Following the sale, the senior vice president now owns 70,854 shares of the company’s stock, valued at approximately $1,213,729.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Grant R. Bates sold 30,500 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $18.78, for a total value of $572,790.00. Following the completion of the sale, the insider now directly owns 34,461 shares in the company, valued at approximately $647,177.58. The disclosure for this sale can be found here. 23.10% of the stock is owned by insiders.

NYSE:MRC opened at $18.58 on Tuesday. MRC Global Inc has a 12-month low of $11.62 and a 12-month high of $22.98. The company has a market cap of $1.57 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.36 and a beta of 1.96. The company has a quick ratio of 1.17, a current ratio of 2.57 and a debt-to-equity ratio of 0.98.

MRC Global (NYSE:MRC) last announced its earnings results on Thursday, February 14th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. MRC Global had a net margin of 1.77% and a return on equity of 10.41%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities analysts expect that MRC Global Inc will post 0.91 EPS for the current fiscal year.

MRC has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $17.00 price objective on shares of MRC Global in a research note on Wednesday, December 19th. Wells Fargo & Co decreased their target price on MRC Global from $18.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, December 21st. ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research lowered MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Stephens reiterated a “buy” rating and issued a $22.00 target price on shares of MRC Global in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. MRC Global has an average rating of “Buy” and a consensus price target of $21.22.

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About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure 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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