Sei Investments Co. boosted its stake in McDermott International, Inc. (NYSE:MDR) by 29.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 48,687 shares of the oil and gas company’s stock after buying an additional 11,072 shares during the period. Sei Investments Co.’s holdings in McDermott International were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDR. BlackRock Inc. grew its position 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 worth $252,397,000 after purchasing an additional 18,363,073 shares in the last quarter. Vanguard Group Inc. grew its position 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 worth $215,909,000 after purchasing an additional 7,129,111 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 worth $150,072,000 after purchasing an additional 2,717,602 shares in the last quarter. LSV Asset Management grew its position 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 worth $103,728,000 after purchasing an additional 1,253,200 shares in the last quarter. Finally, State Street Corp grew its position 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 worth $60,118,000 after purchasing an additional 2,277,274 shares in the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

Shares of McDermott International, Inc. (MDR) traded up $0.01 during trading on Wednesday, hitting $7.40. 1,701,000 shares of the stock were exchanged, compared to its average volume of 3,058,995. McDermott International, Inc. has a 12 month low of $5.56 and a 12 month high of $8.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $2,098.82, a P/E ratio of 13.20 and a beta of 1.35.

McDermott International (NYSE:MDR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, topping 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 company had revenue of $958.50 million during the quarter, compared to the consensus estimate of $977.28 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 71.6% on a year-over-year basis. equities analysts predict that McDermott International, Inc. will post 0.53 earnings per share for the current year.

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

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

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