Tidewater Inc. (NYSE:TDW) Shares Sold by Fmr LLC

FMR LLC decreased its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,416,407 shares of the oil and gas company's stock after selling 881,271 shares during the period. FMR LLC owned approximately 4.62% of Tidewater worth $132,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDW. Fortitude Family Office LLC purchased a new position in Tidewater during the fourth quarter valued at approximately $33,000. AlphaQuest LLC raised its holdings in shares of Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after purchasing an additional 511 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Tidewater during the 4th quarter valued at about $53,000. EverSource Wealth Advisors LLC boosted its stake in shares of Tidewater by 45.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after buying an additional 333 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Tidewater by 2,018.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock worth $70,000 after purchasing an additional 1,211 shares during the period. 95.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TDW shares. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and decreased their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Pickering Energy Partners downgraded Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

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Insider Transactions at Tidewater

In other news, Director Robert Robotti purchased 25,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.33% of the company's stock.

Tidewater Trading Up 0.1 %

TDW traded up $0.02 on Wednesday, hitting $32.33. The company had a trading volume of 989,672 shares, compared to its average volume of 1,070,861. The company's fifty day moving average price is $43.62 and its 200 day moving average price is $52.00. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $111.42. The firm has a market cap of $1.66 billion, a P/E ratio of 9.51 and a beta of 0.70.

About Tidewater

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 oil and 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.