79,446 Shares in Tidewater Inc. (NYSE:TDW) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Tidewater Inc. (NYSE:TDW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 79,446 shares of the oil and gas company's stock, valued at approximately $4,347,000. Raymond James Financial Inc. owned about 0.15% of Tidewater as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in shares of Tidewater in the fourth quarter valued at approximately $33,000. Quarry LP raised its position in shares of Tidewater by 187.6% during the third quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after acquiring an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Tidewater during the third quarter valued at $65,000. Venturi Wealth Management LLC increased its position in Tidewater by 2,018.3% in the fourth 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. Finally, Steward Partners Investment Advisory LLC increased its position in Tidewater by 336.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,588 shares of the oil and gas company's stock worth $87,000 after purchasing an additional 1,224 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Trading Down 1.8 %

Shares of TDW stock traded down $0.78 on Friday, reaching $43.41. The company had a trading volume of 839,564 shares, compared to its average volume of 1,035,996. The stock has a market cap of $2.23 billion, a PE ratio of 12.77 and a beta of 1.06. The company has a 50-day moving average of $48.75 and a 200-day moving average of $55.37. 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 12 month low of $38.65 and a 12 month high of $111.42.

Remove Ads

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti bought 1,770 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $40.95 per share, with a total value of $72,481.50. Following the completion of the purchase, the director now owns 2,183,670 shares in the company, valued at approximately $89,421,286.50. The trade was a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TDW shares. Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI cut shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price objective for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.50.

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.