American Century Companies Inc. Raises Holdings in MRC Global (MRC)

American Century Companies Inc. boosted its holdings in shares of MRC Global (NYSE:MRC) by 5.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 403,546 shares of the oil and gas company’s stock after purchasing an additional 22,503 shares during the period. American Century Companies Inc. owned approximately 0.44% of MRC Global worth $6,634,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MRC. Schwab Charles Investment Management Inc. grew its position in MRC Global by 7.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 987,428 shares of the oil and gas company’s stock worth $16,708,000 after purchasing an additional 69,245 shares during the last quarter. MHI Funds LLC purchased a new position in MRC Global during the 4th quarter worth $171,000. Public Employees Retirement Association of Colorado purchased a new position in MRC Global during the 4th quarter worth $120,000. Mcclain Value Management LLC grew its position in MRC Global by 45.8% during the 4th quarter. Mcclain Value Management LLC now owns 241,224 shares of the oil and gas company’s stock worth $4,082,000 after purchasing an additional 75,796 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in MRC Global during the 4th quarter worth $541,000. 98.51% of the stock is currently owned by institutional investors.

Shares of NYSE:MRC opened at $20.81 on Wednesday. The stock has a market capitalization of $1.87 billion, a PE ratio of 693.67, a PEG ratio of 1.60 and a beta of 1.49. The company has a current ratio of 2.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. MRC Global has a fifty-two week low of $14.01 and a fifty-two week high of $21.31.

MRC Global (NYSE:MRC) last issued its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $948.42 million. MRC Global had a net margin of 1.63% and a return on equity of 5.13%. The company’s revenue was up 17.2% on a year-over-year basis. equities analysts predict that MRC Global will post 0.87 earnings per share for the current fiscal year.

In other news, Director Barbara J. Duganier sold 3,000 shares of MRC Global stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $17.49, for a total value of $52,470.00. Following the sale, the director now owns 21,262 shares of the company’s stock, valued at $371,872.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Elton Ray Bond sold 6,708 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $20.16, for a total transaction of $135,233.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,072,932 shares of company stock worth $21,089,032. Insiders own 7.00% of the company’s stock.

Several research analysts have issued reports on MRC shares. Zacks Investment Research downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. ValuEngine raised shares of MRC Global from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. Alembic Global Advisors reissued a “buy” rating on shares of MRC Global in a research report on Tuesday, February 20th. Stifel Nicolaus lowered their price objective on shares of MRC Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 16th. Finally, Susquehanna Bancshares set a $22.00 target price on shares of MRC Global and gave the company a “buy” rating in a report on Friday, April 13th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus 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.

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

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