McDermott International Inc (MDR) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its position in McDermott International Inc (NYSE:MDR) by 73.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,004 shares of the oil and gas company’s stock after acquiring an additional 11,860 shares during the quarter. Meeder Asset Management Inc.’s holdings in McDermott International were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in McDermott International in the 3rd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in McDermott International by 93.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,937 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 8,176 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in McDermott International by 19.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,867 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 3,988 shares during the last quarter. Bank of Stockton bought a new stake in McDermott International in the 4th quarter worth approximately $163,000. Finally, Virtu KCG Holdings LLC increased its stake in McDermott International by 92.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 25,086 shares of the oil and gas company’s stock worth $180,000 after acquiring an additional 12,067 shares during the last quarter. 85.68% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on MDR shares. Credit Suisse Group reduced their price objective on McDermott International from $7.60 to $7.30 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Zacks Investment Research downgraded McDermott International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. UBS Group lifted their price objective on McDermott International from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. ValuEngine downgraded McDermott International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, KeyCorp raised McDermott International from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.93.

McDermott International Inc (NYSE:MDR) opened at $7.42 on Monday. The firm has a market capitalization of $2,107.48, a P/E ratio of 13.25 and a beta of 1.58. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30. McDermott International Inc has a 12-month low of $5.56 and a 12-month high of $9.07.

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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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