Cushing Asset Management LP lessened its holdings in MRC Global Inc (NYSE:MRC) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,538 shares of the oil and gas company’s stock after selling 97,338 shares during the quarter. Cushing Asset Management LP owned 0.42% of MRC Global worth $6,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in MRC. Luminus Management LLC bought a new position in shares of MRC Global during the 4th quarter worth $24,348,000. Deutsche Bank AG grew its stake in shares of MRC Global by 86.7% during the 4th quarter. Deutsche Bank AG now owns 706,074 shares of the oil and gas company’s stock worth $11,945,000 after acquiring an additional 327,880 shares during the period. Clearbridge LLC grew its stake in shares of MRC Global by 10.4% during the 4th quarter. Clearbridge LLC now owns 848,020 shares of the oil and gas company’s stock worth $14,348,000 after acquiring an additional 79,900 shares during the period. Clearbridge Investments LLC grew its stake in shares of MRC Global by 7.4% during the 4th quarter. Clearbridge Investments LLC now owns 2,550,755 shares of the oil and gas company’s stock worth $43,159,000 after acquiring an additional 174,888 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in shares of MRC Global by 24.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 395,965 shares of the oil and gas company’s stock worth $6,700,000 after acquiring an additional 78,023 shares during the period. Hedge funds and other institutional investors own 98.67% of the company’s stock.
In other MRC Global news, Director Barbara J. Duganier sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was 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 approximately $371,872.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Lane sold 180,621 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $19.00, for a total value of $3,431,799.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 476,775 shares of company stock valued at $9,054,195. 6.30% of the stock is owned by corporate insiders.
MRC Global Inc (NYSE MRC) opened at $18.06 on Wednesday. MRC Global Inc has a 12 month low of $14.01 and a 12 month high of $20.77. The company has a quick ratio of 1.10, a current ratio of 2.35 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1,655.22, a PE ratio of 604.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56.
MRC Global (NYSE:MRC) last issued its earnings results on Thursday, February 15th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). MRC Global had a return on equity of 3.54% and a net margin of 1.37%. The company had revenue of $903.00 million during the quarter, compared to the consensus estimate of $907.63 million. During the same quarter in the prior year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts expect that MRC Global Inc will post 0.69 earnings per share for the current year.
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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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