McDermott International, Inc. (NYSE:MDR) Holdings Lifted by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of McDermott International, Inc. (NYSE:MDR) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,980,706 shares of the oil and gas company’s stock after purchasing an additional 427,908 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.81% of McDermott International worth $57,222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDR. CIBC World Markets Inc. acquired a new stake in shares of McDermott International in the first quarter valued at approximately $101,000. Private Advisor Group LLC acquired a new stake in shares of McDermott International in the second quarter valued at approximately $106,000. Everence Capital Management Inc. acquired a new stake in shares of McDermott International in the second quarter valued at approximately $116,000. HighTower Advisors LLC lifted its position in shares of McDermott International by 13.0% in the first quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,000 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of McDermott International in the first quarter valued at approximately $128,000. 87.09% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on MDR. Zacks Investment Research upgraded McDermott International from a “hold” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research note on Thursday, July 20th. BidaskClub upgraded McDermott International from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Scotiabank restated a “buy” rating and set a $9.00 price objective on shares of McDermott International in a research note on Friday, July 28th. TheStreet upgraded McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered McDermott International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.47.

Shares of McDermott International, Inc. (MDR) traded up 1.45% on Friday, reaching $7.01. The company’s stock had a trading volume of 1,601,675 shares. The stock has a 50 day moving average of $6.26 and a 200-day moving average of $6.56. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 26.96 and a beta of 1.40. McDermott International, Inc. has a 12 month low of $4.41 and a 12 month high of $8.33.

McDermott International (NYSE:MDR) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). McDermott International had a net margin of 2.95% and a return on equity of 5.55%. The firm had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $856.54 million. During the same period in the previous year, the company earned $0.07 EPS. The company’s revenue was up 11.5% on a year-over-year basis. On average, analysts anticipate that McDermott International, Inc. will post $0.42 EPS for the current year.

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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.

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

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