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

Pullen Investment Management LLC acquired a new stake in MRC Global Inc. (NYSE:MRC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,895 shares of the oil and gas company’s stock, valued at approximately $883,000.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of MRC Global by 197.7% in the 3rd quarter. Barclays PLC now owns 151,169 shares of the oil and gas company’s stock valued at $1,927,000 after purchasing an additional 100,384 shares during the last quarter. New York State Common Retirement Fund increased 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 worth $357,000 after buying an additional 4,992 shares during the period. Ieq Capital LLC purchased a new stake in MRC Global in the fourth quarter valued at approximately $187,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of MRC Global by 7.1% in 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 acquiring an additional 2,219 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of 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 worth $387,000 after acquiring an additional 4,440 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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 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 on the stock in a research note on Tuesday, March 18th. Wall Street Zen upgraded shares of MRC Global from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus raised their price target on MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

MRC Global Price Performance

Shares of NYSE MRC opened at $12.71 on Friday. The stock has a fifty day moving average price of $11.92 and a 200 day moving average price of $12.55. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The company has a market cap of $1.09 billion, a PE ratio of 14.61 and a beta of 1.61.

MRC Global (NYSE:MRC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company had revenue of $712.00 million during the quarter, compared to analysts’ expectations of $710.00 million. During the same quarter last year, the business earned $0.20 EPS. The business’s revenue was down 11.7% on a year-over-year basis. Sell-side analysts forecast that MRC Global Inc. will post 0.86 EPS for the current year.

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.