MRC Global Inc (NYSE:MRC) CEO Andrew R. Lane sold 180,621 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $19.00, for a total transaction of $3,431,799.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of MRC Global Inc (MRC) remained flat at $$18.66 during trading on Wednesday. 456,102 shares of the company were exchanged, compared to its average volume of 562,645. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 2.31. MRC Global Inc has a 52 week low of $14.01 and a 52 week high of $22.26. The firm has a market cap of $1,760.00, a price-to-earnings ratio of -66.64, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60.

MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). MRC Global had a negative net margin of 0.09% and a positive return on equity of 1.44%. analysts expect that MRC Global Inc will post 0.09 EPS for the current fiscal year.

MRC Global announced that its board has approved a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have issued reports on MRC. Zacks Investment Research upgraded shares of MRC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Susquehanna Bancshares set a $21.00 price target on shares of MRC Global and gave the company a “buy” rating in a research note on Friday, January 12th. Cowen cut their price target on shares of MRC Global from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price target (up previously from $18.00) on shares of MRC Global in a research note on Tuesday. Finally, Robert W. Baird restated a “hold” rating and set a $21.00 price target on shares of MRC Global in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.67.

Hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MRC Global in the 3rd quarter valued at $276,000. BNP Paribas Arbitrage SA boosted its holdings in shares of MRC Global by 328.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,568 shares of the oil and gas company’s stock valued at $274,000 after acquiring an additional 12,697 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of MRC Global by 1.2% in the 2nd quarter. Suntrust Banks Inc. now owns 18,307 shares of the oil and gas company’s stock valued at $302,000 after acquiring an additional 215 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of MRC Global by 2,026.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,288 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 18,381 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of MRC Global in the 3rd quarter valued at $448,000. 94.65% of the stock is currently owned by institutional investors and hedge funds.

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About MRC Global

MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

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