Vanguard Group Inc. Purchases 56,919 Shares of Tidewater Inc. (NYSE:TDW)

Vanguard Group Inc. lifted its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,486,286 shares of the oil and gas company's stock after purchasing an additional 56,919 shares during the quarter. Vanguard Group Inc. owned 10.49% of Tidewater worth $300,155,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of Tidewater in the 4th quarter worth $33,000. AlphaQuest LLC grew its position in Tidewater by 177.4% in the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 511 shares in the last quarter. Quarry LP increased its stake in Tidewater by 187.6% in the third quarter. Quarry LP now owns 814 shares of the oil and gas company's stock valued at $58,000 after acquiring an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Tidewater by 45.5% during 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 in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Tidewater by 2,018.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock valued at $70,000 after purchasing an additional 1,211 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

Tidewater Trading Up 11.3 %

TDW stock traded up $3.71 during midday trading on Wednesday, hitting $36.54. The company had a trading volume of 2,855,331 shares, compared to its average volume of 1,059,812. 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 52 week low of $30.92 and a 52 week high of $111.42. The stock's 50 day moving average price is $45.25 and its 200 day moving average price is $53.10. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.75 and a beta of 0.70.

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Insiders Place Their Bets

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the purchase, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.33% of the company's stock.

Analyst Ratings Changes

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

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.