McDermott International Inc (MDR) Stake Decreased by LSV Asset Management

LSV Asset Management cut its position in shares of McDermott International Inc (NYSE:MDR) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,439,874 shares of the oil and gas company’s stock after selling 394,400 shares during the quarter. LSV Asset Management owned about 0.05% of McDermott International worth $95,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of McDermott International by 31.0% during the second quarter. Vanguard Group Inc. now owns 30,112,732 shares of the oil and gas company’s stock worth $215,909,000 after buying an additional 7,129,111 shares during the period. Dimensional Fund Advisors LP increased its position in shares of McDermott International by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 23,082,635 shares of the oil and gas company’s stock worth $167,811,000 after buying an additional 2,151,895 shares during the period. State Street Corp increased its position in shares of McDermott International by 37.3% during the second quarter. State Street Corp now owns 8,384,938 shares of the oil and gas company’s stock worth $60,118,000 after buying an additional 2,277,274 shares during the period. Northern Trust Corp increased its position in shares of McDermott International by 19.9% during the second quarter. Northern Trust Corp now owns 5,671,706 shares of the oil and gas company’s stock worth $40,666,000 after buying an additional 940,466 shares during the period. Finally, Van ECK Associates Corp grew its holdings in McDermott International by 6.3% in the third quarter. Van ECK Associates Corp now owns 4,403,203 shares of the oil and gas company’s stock worth $32,011,000 after purchasing an additional 259,894 shares during the period. Institutional investors own 85.17% of the company’s stock.

McDermott International Inc (NYSE MDR) opened at $8.25 on Friday. The stock has a market cap of $2,343.22, a PE ratio of 15.28 and a beta of 1.58. McDermott International Inc has a twelve month low of $5.56 and a twelve month high of $9.07. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30.

McDermott International (NYSE:MDR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share 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 analyst estimates of $977.28 million. During the same period last year, the firm earned $0.09 earnings per share. The firm’s revenue was up 71.6% on a year-over-year basis. sell-side analysts anticipate that McDermott International Inc will post 0.61 EPS for the current fiscal year.

A number of equities research analysts have commented 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. Deutsche Bank reduced their price target on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a report on Tuesday, October 24th. UBS Group raised their price target on shares of McDermott International from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of McDermott International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Morgan Stanley restated a “sell” rating on shares of McDermott International in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.93.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/02/04/mcdermott-international-inc-mdr-stake-decreased-by-lsv-asset-management.html.

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.

Want to see what other hedge funds are holding MDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDermott International Inc (NYSE:MDR).

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

Receive News & Ratings for McDermott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDermott International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply