Pekin Hardy Strauss Inc. Sells 190,539 Shares of MRC Global Inc. (NYSE:MRC)

Pekin Hardy Strauss Inc. decreased its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,447 shares of the oil and gas company's stock after selling 190,539 shares during the quarter. MRC Global accounts for about 1.2% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 16th biggest position. Pekin Hardy Strauss Inc. owned about 0.89% of MRC Global worth $8,229,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in MRC Global by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 370,643 shares of the oil and gas company's stock valued at $3,799,000 after buying an additional 4,685 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MRC Global by 38.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,356 shares of the oil and gas company's stock valued at $229,000 after buying an additional 6,264 shares in the last quarter. Strs Ohio lifted its stake in MRC Global by 17.2% in the 3rd quarter. Strs Ohio now owns 62,800 shares of the oil and gas company's stock valued at $643,000 after buying an additional 9,200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in MRC Global by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,651 shares of the oil and gas company's stock valued at $12,778,000 after buying an additional 104,959 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in MRC Global in the 3rd quarter valued at approximately $114,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

MRC has been the subject of several analyst reports. Susquehanna boosted their price target on MRC Global from $13.00 to $15.00 and gave the company a "positive" rating in a report on Monday, April 8th. Stephens reiterated an "overweight" rating and issued a $17.00 price target on shares of MRC Global in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $15.33.

MRC Global Trading Down 3.1 %

Shares of MRC stock traded down $0.36 on Tuesday, reaching $11.23. 402,366 shares of the stock were exchanged, compared to its average volume of 559,860. The stock has a market cap of $947.70 million, a P/E ratio of 10.80 and a beta of 1.99. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $12.14 and a two-hundred day moving average of $11.14. MRC Global Inc. has a 1-year low of $8.15 and a 1-year high of $13.00.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The business had revenue of $768.00 million during the quarter, compared to the consensus estimate of $810.52 million. During the same period in the prior year, the firm posted $0.32 EPS. The business's revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts anticipate that MRC Global Inc. will post 1 EPS for the current year.

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.