Pullen Investment Management LLC Purchases Shares of 76,895 MRC Global Inc. (NYSE:MRC)

Pullen Investment Management LLC purchased a new position in MRC Global Inc. (NYSE:MRC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 76,895 shares of the oil and gas company's stock, valued at approximately $883,000. Pullen Investment Management LLC owned approximately 0.09% of MRC Global at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank purchased a new position in MRC Global in the fourth quarter worth about $34,000. Sterling Capital Management LLC raised its holdings in MRC Global by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in MRC Global in the 4th quarter worth approximately $56,000. Quantinno Capital Management LP bought a new position in MRC Global in the 4th quarter valued at approximately $129,000. Finally, GAMMA Investing LLC boosted its stake in MRC Global by 1,576.2% during the 1st quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company's stock valued at $161,000 after purchasing an additional 13,224 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

MRC Global Stock Performance

Shares of MRC stock traded down $0.04 on Tuesday, reaching $12.83. The stock had a trading volume of 367,156 shares, compared to its average volume of 643,068. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.91 and a current ratio of 1.68. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The stock has a market cap of $1.10 billion, a P/E ratio of -116.63 and a beta of 1.61. The company has a 50 day simple moving average of $12.04 and a 200 day simple moving average of $12.53.

MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The company had revenue of $712.00 million for the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a return on equity of 12.82% and a net margin of 0.47%. MRC Global's revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Equities research analysts expect that MRC Global Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

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

About MRC Global

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.