361 Capital LLC grew its holdings in shares of McDermott International, Inc. (NYSE:MDR) by 445.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,968 shares of the oil and gas company’s stock after purchasing an additional 235,156 shares during the period. 361 Capital LLC owned about 0.10% of McDermott International worth $2,094,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of McDermott International during the 2nd quarter worth approximately $106,000. Meeder Asset Management Inc. grew its position in shares of McDermott International by 234.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 11,310 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of McDermott International during the 2nd quarter worth approximately $116,000. HighTower Advisors LLC grew its position in shares of McDermott International by 13.0% during the 1st quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,000 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of McDermott International during the 2nd quarter worth approximately $134,000. Hedge funds and other institutional investors own 84.35% of the company’s stock.

A number of research analysts have issued reports on MDR shares. BidaskClub lowered shares of McDermott International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded shares of McDermott International from a “c” rating to a “b-” rating in a research report on Tuesday, July 25th. Scotiabank reiterated a “buy” rating and set a $9.00 price target on shares of McDermott International in a research report on Friday, July 28th. KeyCorp reiterated a “hold” rating on shares of McDermott International in a research report on Friday, August 25th. Finally, Deutsche Bank AG reduced their price target on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.94.

Shares of McDermott International, Inc. (NYSE:MDR) traded up $0.14 during midday trading on Friday, reaching $7.15. 1,335,293 shares of the company were exchanged, compared to its average volume of 3,172,136. McDermott International, Inc. has a fifty-two week low of $5.56 and a fifty-two week high of $8.33. The company has a market capitalization of $1,990.00, a P/E ratio of 12.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 1.70.

McDermott International (NYSE:MDR) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.14. McDermott International had a net margin of 10.05% and a return on equity of 22.63%. The business had revenue of $958.50 million during the quarter, compared to the consensus estimate of $977.28 million. During the same quarter last year, the firm earned $0.09 earnings per share. McDermott International’s quarterly revenue was up 71.6% on a year-over-year basis. analysts anticipate that McDermott International, Inc. will post 0.53 earnings per share for the current year.

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About McDermott International

McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.

Institutional Ownership by Quarter for McDermott International (NYSE:MDR)

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