McDermott International Inc (NYSE:MDR) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in McDermott International Inc (NYSE:MDR) by 52.1% in the third quarter, HoldingsChannel.com reports. The firm owned 219,312 shares of the oil and gas company’s stock after acquiring an additional 75,100 shares during the period. State of New Jersey Common Pension Fund D’s holdings in McDermott International were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of McDermott International by 120.5% during the first quarter. First Trust Advisors LP now owns 541,561 shares of the oil and gas company’s stock valued at $4,029,000 after acquiring an additional 295,904 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of McDermott International by 4.9% during the second quarter. Crossmark Global Holdings Inc. now owns 64,969 shares of the oil and gas company’s stock valued at $628,000 after acquiring an additional 3,055 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of McDermott International during the second quarter valued at $485,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of McDermott International by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 71,903 shares of the oil and gas company’s stock valued at $695,000 after acquiring an additional 1,034 shares during the period. Finally, Sippican Capital Advisors boosted its holdings in shares of McDermott International by 15.3% during the second quarter. Sippican Capital Advisors now owns 56,313 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 7,489 shares during the period. 87.74% of the stock is owned by hedge funds and other institutional investors.

Shares of MDR traded down $0.02 during midday trading on Tuesday, hitting $0.90. 181,726 shares of the stock traded hands, compared to its average volume of 18,576,938. McDermott International Inc has a 1-year low of $0.88 and a 1-year high of $10.99. The firm has a market capitalization of $175.86 million, a PE ratio of -0.90 and a beta of 3.15. The company has a debt-to-equity ratio of 7.01, a quick ratio of 0.39 and a current ratio of 0.40. The business’s 50 day moving average price is $1.83 and its two-hundred day moving average price is $5.76.

McDermott International (NYSE:MDR) last announced its quarterly earnings results on Monday, November 4th. The oil and gas company reported ($1.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($1.07). McDermott International had a negative net margin of 56.57% and a negative return on equity of 349.92%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the firm posted $0.20 EPS. The business’s revenue was down 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that McDermott International Inc will post -0.33 EPS for the current fiscal year.

Several brokerages have recently issued reports on MDR. ValuEngine downgraded shares of McDermott International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Citigroup reduced their price target on shares of McDermott International from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th.

About McDermott International

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

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