McDermott International Inc (MDR) Holdings Cut by Stifel Financial Corp
Stifel Financial Corp trimmed its position in shares of McDermott International Inc (NYSE:MDR) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,542 shares of the oil and gas company’s stock after selling 17,246 shares during the period. Stifel Financial Corp’s holdings in McDermott International were worth $121,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in MDR. Flinton Capital Management LLC lifted its stake in McDermott International by 44.4% during the fourth quarter. Flinton Capital Management LLC now owns 42,432 shares of the oil and gas company’s stock worth $278,000 after purchasing an additional 13,056 shares during the period. Dimensional Fund Advisors LP lifted its stake in McDermott International by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,234,912 shares of the oil and gas company’s stock worth $60,399,000 after purchasing an additional 269,091 shares during the period. United Services Automobile Association lifted its stake in McDermott International by 11.3% during the fourth quarter. United Services Automobile Association now owns 189,141 shares of the oil and gas company’s stock worth $1,237,000 after purchasing an additional 19,236 shares during the period. Hsbc Holdings PLC bought a new position in McDermott International during the fourth quarter worth about $3,490,000. Finally, NumerixS Investment Technologies Inc bought a new position in McDermott International during the fourth quarter worth about $168,000. Institutional investors own 88.60% of the company’s stock.
A number of brokerages have commented on MDR. TheStreet cut shares of McDermott International from a “c-” rating to a “d” rating in a research note on Monday, March 11th. Zacks Investment Research raised shares of McDermott International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, ValuEngine raised shares of McDermott International from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. McDermott International currently has a consensus rating of “Hold” and a consensus price target of $23.50.
McDermott International (NYSE:MDR) last posted its quarterly earnings data on Monday, February 25th. The oil and gas company reported ($1.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($1.76). The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.64 billion. McDermott International had a negative return on equity of 3.20% and a negative net margin of 40.07%. The business’s quarterly revenue was up 188.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Equities analysts predict that McDermott International Inc will post 1.69 earnings per share for the current year.
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McDermott International Profile
McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.
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