Teachers Retirement System of The State of Kentucky raised its holdings in shares of McDermott International, Inc. (NYSE:MDR) by 774.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,700 shares of the oil and gas company’s stock after acquiring an additional 75,900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in McDermott International were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of McDermott International by 109.1% during the 2nd quarter. BlackRock Inc. now owns 35,201,940 shares of the oil and gas company’s stock valued at $252,397,000 after buying an additional 18,363,073 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of McDermott International by 31.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,112,732 shares of the oil and gas company’s stock valued at $215,909,000 after buying an additional 7,129,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of McDermott International by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,930,740 shares of the oil and gas company’s stock valued at $150,072,000 after buying an additional 2,717,602 shares in the last quarter. LSV Asset Management lifted its stake in shares of McDermott International by 9.5% during the 2nd quarter. LSV Asset Management now owns 14,466,996 shares of the oil and gas company’s stock valued at $103,728,000 after buying an additional 1,253,200 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of McDermott International by 37.3% during the 2nd quarter. State Street Corp now owns 8,384,938 shares of the oil and gas company’s stock valued at $60,118,000 after buying an additional 2,277,274 shares in the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.

Shares of McDermott International, Inc. (NYSE MDR) opened at $7.42 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2,107.35, a price-to-earnings ratio of 13.25 and a beta of 1.34. McDermott International, Inc. has a fifty-two week low of $5.56 and a fifty-two week high of $8.33.

McDermott International (NYSE:MDR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The company had revenue of $958.50 million for the quarter, compared to the consensus estimate of $977.28 million. During the same period in the previous year, the firm posted $0.09 EPS. McDermott International’s revenue for the quarter was up 71.6% compared to the same quarter last year. equities research analysts predict that McDermott International, Inc. will post 0.53 earnings per share for the current year.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of McDermott International from a “buy” rating to a “strong-buy” rating in a report on Monday, November 6th. UBS lifted their price target on shares of McDermott International from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, November 3rd. Deutsche Bank 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 report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of McDermott International in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of McDermott International from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. McDermott International currently has a consensus rating of “Hold” and an average target price of $7.94.

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McDermott International Profile

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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