SG Americas Securities LLC lessened its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,357 shares of the oil and gas company's stock after selling 2,674 shares during the quarter. SG Americas Securities LLC's holdings in Tidewater were worth $236,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TDW. Price T Rowe Associates Inc. MD increased its stake in Tidewater by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,099,470 shares of the oil and gas company's stock valued at $298,466,000 after buying an additional 20,599 shares during the last quarter. BlackRock Inc. raised its holdings in Tidewater by 8.4% in the third quarter. BlackRock Inc. now owns 2,967,847 shares of the oil and gas company's stock worth $64,403,000 after buying an additional 230,701 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Tidewater by 24.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,728,345 shares of the oil and gas company's stock valued at $63,690,000 after purchasing an additional 342,679 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Tidewater by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,560,485 shares of the oil and gas company's stock valued at $57,502,000 after buying an additional 187,015 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Tidewater by 1.1% in the third quarter. State Street Corp now owns 1,080,220 shares of the oil and gas company's stock worth $23,441,000 after purchasing an additional 11,950 shares during the period. 88.30% of the stock is currently owned by institutional investors and hedge funds.
Tidewater Price Performance
Shares of NYSE TDW opened at $64.46 on Thursday. The company has a market capitalization of $3.28 billion, a PE ratio of 68.58 and a beta of 1.40. Tidewater Inc. has a twelve month low of $18.37 and a twelve month high of $67.20. The stock's 50 day moving average price is $53.88 and its 200-day moving average price is $47.86. The company has a quick ratio of 1.73, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.
Tidewater (NYSE:TDW - Get Free Report) last announced its earnings results on Monday, May 8th. The oil and gas company reported $0.23 earnings per share for the quarter. Tidewater had a net margin of 6.27% and a return on equity of 7.27%. The business had revenue of $193.10 million during the quarter. On average, equities analysts anticipate that Tidewater Inc. will post 3.89 EPS for the current year.
Wall Street Analysts Forecast Growth
TDW has been the topic of a number of research reports. TheStreet raised shares of Tidewater from a "c+" rating to a "b-" rating in a research report on Friday, June 30th. Raymond James began coverage on shares of Tidewater in a report on Thursday, July 13th. They issued a "strong-buy" rating and a $85.00 price objective for the company. StockNews.com began coverage on shares of Tidewater in a research report on Thursday, May 18th. They set a "hold" rating on the stock. Evercore ISI assumed coverage on shares of Tidewater in a report on Friday, July 7th. They issued an "outperform" rating and a $90.00 target price on the stock. Finally, BTIG Research assumed coverage on shares of Tidewater in a research report on Wednesday, June 21st. They issued a "buy" rating and a $75.00 price objective on the stock. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $83.33.
Check Out Our Latest Research Report on TDW
Insider Buying and Selling at Tidewater
In related news, Director Robert Robotti bought 1,135 shares of the stock in a transaction dated Monday, July 24th. The stock was acquired at an average price of $57.06 per share, for a total transaction of $64,763.10. Following the acquisition, the director now owns 3,026,792 shares in the company, valued at approximately $172,708,751.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.59% of the stock is owned by insiders.
About Tidewater
(
Free Report)
Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore crude oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.
See Also
Want to see what other hedge funds are holding TDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tidewater Inc. (NYSE:TDW - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tidewater, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.
While Tidewater currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
