New York State Teachers Retirement System lifted its holdings in McDermott International, Inc. (NYSE:MDR) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,562 shares of the oil and gas company’s stock after acquiring an additional 81,800 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of McDermott International worth $1,444,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System acquired a new stake in shares of McDermott International in the second quarter worth $1,054,000. SG Americas Securities LLC increased its position in shares of McDermott International by 62.8% in the second quarter. SG Americas Securities LLC now owns 195,251 shares of the oil and gas company’s stock worth $1,400,000 after acquiring an additional 75,332 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of McDermott International by 1,122.2% in the second quarter. BNP Paribas Arbitrage SA now owns 91,504 shares of the oil and gas company’s stock worth $656,000 after acquiring an additional 84,017 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of McDermott International in the second quarter worth $17,846,000. Finally, Vanguard Group Inc. increased its position in shares of McDermott International by 3.2% in the first quarter. Vanguard Group Inc. now owns 22,983,621 shares of the oil and gas company’s stock worth $155,139,000 after acquiring an additional 703,996 shares in the last quarter. 84.35% of the stock is owned by institutional investors.

McDermott International, Inc. (NYSE:MDR) opened at $7.64 on Monday. McDermott International, Inc. has a 52 week low of $5.25 and a 52 week high of $8.33. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30. The company has a market cap of $2,169.83, a price-to-earnings ratio of 13.64 and a beta of 1.32.

McDermott International (NYSE:MDR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The firm had revenue of $958.50 million for the quarter, compared to the consensus estimate of $977.28 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was up 71.6% compared to the same quarter last year. equities research analysts predict that McDermott International, Inc. will post 0.52 earnings per share for the current fiscal year.

MDR has been the subject of several recent research reports. TheStreet raised shares of McDermott International from a “c” rating to a “b-” rating in a research report on Tuesday, July 25th. Scotiabank restated a “buy” rating and issued a $9.00 target price on shares of McDermott International in a research note on Wednesday, November 1st. Deutsche Bank AG decreased their target price on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a research note on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of McDermott International in a research note on Friday, October 6th. Finally, BidaskClub downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.94.

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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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