Barclays PLC Purchases 64,526 Shares of Tidewater Inc. (NYSE:TDW)

Barclays PLC raised its holdings in Tidewater Inc. (NYSE:TDW - Free Report) by 81.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,374 shares of the oil and gas company's stock after buying an additional 64,526 shares during the period. Barclays PLC owned about 0.27% of Tidewater worth $7,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Tidal Investments LLC raised its stake in Tidewater by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company's stock valued at $257,000 after acquiring an additional 267 shares during the period. EverSource Wealth Advisors LLC raised its position 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 valued at $58,000 after purchasing an additional 333 shares during the period. Tectonic Advisors LLC lifted its stake in shares of Tidewater by 2.3% during the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock worth $961,000 after buying an additional 402 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Tidewater by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company's stock worth $291,000 after buying an additional 463 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Tidewater by 0.9% in the 4th quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company's stock valued at $3,020,000 after buying an additional 496 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDW has been the subject of several research reports. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and cut their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tidewater currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

Insider Activity

In related news, Director Robert Robotti purchased 25,000 shares of Tidewater stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This represents a 1.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.33% of the stock is owned by company insiders.

Tidewater Stock Performance

Tidewater stock traded up $0.33 during midday trading on Friday, hitting $36.37. The company's stock had a trading volume of 743,773 shares, compared to its average volume of 1,084,997. The company has a 50-day moving average price of $40.38 and a two-hundred day moving average price of $49.97. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $111.42. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 10.70 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

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.