Pekin Hardy Strauss Inc. Has $153,000 Stock Holdings in MRC Global Inc. (NYSE:MRC)

Pekin Hardy Strauss Inc. trimmed its stake in MRC Global Inc. (NYSE:MRC - Free Report) by 97.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the oil and gas company's stock after selling 450,959 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in MRC Global were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MRC. CWM LLC lifted its position in shares of MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company's stock valued at $33,000 after buying an additional 1,951 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of MRC Global in the second quarter valued at approximately $45,000. Canada Pension Plan Investment Board acquired a new stake in shares of MRC Global in the second quarter valued at approximately $56,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of MRC Global in the second quarter valued at approximately $56,000. Finally, nVerses Capital LLC acquired a new stake in shares of MRC Global in the second quarter valued at approximately $70,000. 94.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRC shares. StockNews.com cut MRC Global from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. Stifel Nicolaus lifted their price target on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Finally, Susquehanna lifted their price target on MRC Global from $16.00 to $17.00 and gave the stock a "positive" rating in a report on Thursday, November 7th.

MRC Global Price Performance

NYSE MRC traded down $0.04 during midday trading on Tuesday, hitting $14.01. The company had a trading volume of 892,999 shares, compared to its average volume of 588,996. MRC Global Inc. has a twelve month low of $9.77 and a twelve month high of $14.91. The firm has a 50-day moving average price of $12.86 and a 200-day moving average price of $12.94. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.19 billion, a PE ratio of 16.10 and a beta of 1.97.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $794.17 million. During the same quarter last year, the company posted $0.32 EPS. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts anticipate that MRC Global Inc. will post 0.89 earnings per share for the current fiscal 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.