76,895 Shares in MRC Global Inc. (NYSE:MRC) Purchased by Pullen Investment Management LLC

Pullen Investment Management LLC acquired a new stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,895 shares of the oil and gas company's stock, valued at approximately $883,000. Pullen Investment Management LLC owned 0.09% of MRC Global as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC boosted its stake in MRC Global by 197.7% in the third quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock valued at $1,927,000 after acquiring an additional 100,384 shares in the last quarter. New York State Common Retirement Fund lifted its position in MRC Global by 21.8% during the fourth quarter. New York State Common Retirement Fund now owns 27,900 shares of the oil and gas company's stock valued at $357,000 after purchasing an additional 4,992 shares during the period. Ieq Capital LLC acquired a new position in MRC Global during the fourth quarter valued at $187,000. Y Intercept Hong Kong Ltd lifted its position in MRC Global by 7.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock valued at $427,000 after purchasing an additional 2,219 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in MRC Global by 17.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,264 shares of the oil and gas company's stock valued at $387,000 after purchasing an additional 4,440 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

MRC Global Trading Down 2.2%

Shares of NYSE:MRC traded down $0.28 during mid-day trading on Friday, reaching $12.71. 400,167 shares of the company were exchanged, compared to its average volume of 644,939. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The firm's 50-day simple moving average is $11.92 and its 200 day simple moving average is $12.54. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11.

MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $712.00 million for the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company's revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. Equities research analysts forecast that MRC Global Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRC shares. Susquehanna decreased their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Loop Capital dropped their price objective on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus upped their price objective on shares of MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.