First Midwest Bank Trust Division Sells 681 Shares of MRC Global Inc (NYSE:MRC)

First Midwest Bank Trust Division reduced its stake in MRC Global Inc (NYSE:MRC) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,882 shares of the oil and gas company’s stock after selling 681 shares during the quarter. First Midwest Bank Trust Division’s holdings in MRC Global were worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Investors Research Corp boosted its position in shares of MRC Global by 50.0% during the 2nd quarter. Investors Research Corp now owns 1,800 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 600 shares in the last quarter. Amalgamated Bank acquired a new stake in MRC Global in the fourth quarter valued at approximately $144,000. Hsbc Holdings PLC acquired a new stake in MRC Global in the fourth quarter valued at approximately $153,000. CWM Advisors LLC bought a new stake in MRC Global in the second quarter worth about $181,000. Finally, MHI Funds LLC raised its position in MRC Global by 29.7% in the first quarter. MHI Funds LLC now owns 11,666 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 2,669 shares during the period.

MRC Global stock traded down $0.33 during midday trading on Thursday, reaching $15.31. 10,981 shares of the stock were exchanged, compared to its average volume of 686,904. The firm has a fifty day simple moving average of $16.15. The company has a current ratio of 2.54, a quick ratio of 1.14 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 0.89 and a beta of 1.98. MRC Global Inc has a 52 week low of $11.62 and a 52 week high of $22.96.

MRC Global (NYSE:MRC) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $953.51 million. MRC Global had a net margin of 1.79% and a return on equity of 10.65%. MRC Global’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, analysts forecast that MRC Global Inc will post 0.87 EPS for the current year.

MRC has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of MRC Global in a research report on Thursday, April 25th. They issued a “hold” rating and a $20.00 price target on the stock. ValuEngine lowered shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, Stifel Nicolaus lowered shares of MRC Global from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.88.

In related news, EVP Daniel J. Churay sold 54,479 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.83, for a total transaction of $916,881.57. Following the sale, the executive vice president now owns 82,834 shares of the company’s stock, valued at approximately $1,394,096.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Churay sold 25,286 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $17.11, for a total transaction of $432,643.46. Following the sale, the executive vice president now directly owns 82,834 shares in the company, valued at approximately $1,417,289.74. The disclosure for this sale can be found here. Corporate insiders own 23.10% of the company’s stock.

MRC Global Profile

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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