Pullen Investment Management LLC Purchases 71,201 Shares of MRC Global Inc. $MRC

Pullen Investment Management LLC lifted its position in MRC Global Inc. (NYSE:MRC) by 92.6% during the 2nd quarter, Holdings Channel reports. The firm owned 148,096 shares of the oil and gas company’s stock after buying an additional 71,201 shares during the quarter. MRC Global makes up 1.2% of Pullen Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Pullen Investment Management LLC’s holdings in MRC Global were worth $2,030,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Lord Abbett & CO. LLC grew its holdings in shares of MRC Global by 336.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 3,498,499 shares of the oil and gas company’s stock worth $40,163,000 after purchasing an additional 2,696,044 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of MRC Global by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 3,105,144 shares of the oil and gas company’s stock worth $35,647,000 after purchasing an additional 158,338 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of MRC Global by 14.2% in the 1st quarter. American Century Companies Inc. now owns 2,605,756 shares of the oil and gas company’s stock worth $29,914,000 after purchasing an additional 324,110 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of MRC Global by 64.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,303,210 shares of the oil and gas company’s stock worth $14,961,000 after purchasing an additional 508,723 shares during the last quarter. Finally, Nuveen LLC acquired a new position in MRC Global during the 1st quarter worth about $14,081,000. Institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

MRC has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of MRC Global in a research report on Saturday. Zacks Research upgraded shares of MRC Global to a “hold” rating in a research report on Friday, August 8th. Susquehanna downgraded shares of MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus reduced their price target on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, MRC Global has an average rating of “Hold” and a consensus price target of $16.00.

MRC Global Stock Performance

MRC Global stock opened at $14.49 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.59. The company has a market cap of $1.23 billion, a PE ratio of -60.38 and a beta of 1.62. The company’s 50-day moving average is $14.42 and its two-hundred day moving average is $13.36.

MRC Global (NYSE:MRC) last released its earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. The business had revenue of $609.00 million for the quarter. Equities analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current year.

MRC Global 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.