Pullen Investment Management LLC Has $2.03 Million Stock Position in MRC Global Inc. $MRC

Pullen Investment Management LLC lifted its position in MRC Global Inc. (NYSE:MRC) by 92.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,096 shares of the oil and gas company’s stock after buying an additional 71,201 shares during the quarter. MRC Global comprises approximately 1.2% of Pullen Investment Management LLC’s holdings, making the stock its 23rd largest position. Pullen Investment Management LLC owned 0.17% of MRC Global worth $2,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of MRC Global by 52.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,234 shares of the oil and gas company’s stock worth $270,000 after buying an additional 8,034 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of MRC Global by 67.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,719 shares of the oil and gas company’s stock worth $582,000 after buying an additional 20,455 shares during the last quarter. LPL Financial LLC lifted its stake in shares of MRC Global by 97.1% in the first quarter. LPL Financial LLC now owns 158,490 shares of the oil and gas company’s stock worth $1,819,000 after buying an additional 78,086 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of MRC Global in the first quarter worth $429,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of MRC Global by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 318,022 shares of the oil and gas company’s stock worth $3,651,000 after buying an additional 7,974 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRC has been the subject of a number of analyst reports. Zacks Research upgraded shares of MRC Global to a “hold” rating in a research note on Friday, August 8th. Susquehanna cut shares of MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, October 2nd. Stifel Nicolaus cut their target price on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of MRC Global in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

MRC Global Trading Up 0.6%

Shares of MRC Global stock opened at $14.49 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of -60.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.84 and a quick ratio of 1.00. The company’s fifty day moving average price is $14.42 and its two-hundred day moving average price is $13.36. MRC Global Inc. has a 52-week low of $9.23 and a 52-week high of $15.59.

MRC Global (NYSE:MRC) last announced its quarterly earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $609.00 million during the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. On average, analysts expect 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.