Stifel Financial Corp Sells 10,560 Shares of Tidewater Inc. (NYSE:TDW)

Stifel Financial Corp lessened its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,155 shares of the oil and gas company's stock after selling 10,560 shares during the period. Stifel Financial Corp's holdings in Tidewater were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quarry LP bought a new position in Tidewater in the 2nd quarter valued at about $27,000. Hollencrest Capital Management bought a new position in shares of Tidewater in the second quarter valued at approximately $30,000. GAMMA Investing LLC increased its stake in shares of Tidewater by 163.5% during the third quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 435 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Tidewater during the third quarter worth approximately $65,000. Finally, Headlands Technologies LLC lifted its position in Tidewater by 6,322.2% in the second quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company's stock worth $110,000 after purchasing an additional 1,138 shares during the period. 95.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TDW shares. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Raymond James downgraded shares of Tidewater from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $131.00 to $102.00 in a report on Monday, November 11th. Finally, DNB Markets assumed coverage on shares of Tidewater in a research note on Friday, November 29th. They issued a "buy" rating and a $70.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Tidewater presently has an average rating of "Moderate Buy" and an average price target of $95.80.

Tidewater Trading Down 0.3 %

Shares of NYSE TDW traded down $0.17 during mid-day trading on Tuesday, hitting $50.14. 491,762 shares of the company traded hands, compared to its average volume of 931,826. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 1 year low of $46.50 and a 1 year high of $111.42. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 14.75 and a beta of 1.10. The business has a 50 day moving average of $54.44 and a two-hundred day moving average of $75.40.

Insiders Place Their Bets

In related news, CEO Quintin Kneen purchased 41,615 shares of Tidewater stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $48.06 per share, with a total value of $2,000,016.90. Following the completion of the transaction, the chief executive officer now directly owns 176,239 shares of the company's stock, valued at $8,470,046.34. This trade represents a 30.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.33% of the company's stock.

Tidewater Profile

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.