15,002 Shares in Tidewater Inc. (NYSE:TDW) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Tidewater Inc. (NYSE:TDW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,002 shares of the oil and gas company's stock, valued at approximately $1,077,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new stake in Tidewater during the third quarter worth approximately $51,089,000. Hsbc Holdings PLC grew its stake in Tidewater by 11,317.3% during the second quarter. Hsbc Holdings PLC now owns 645,418 shares of the oil and gas company's stock worth $60,992,000 after purchasing an additional 639,765 shares during the period. Cerity Partners LLC grew its stake in Tidewater by 173.4% during the third quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company's stock worth $43,666,000 after purchasing an additional 385,779 shares during the period. Villere ST Denis J & Co. LLC acquired a new stake in Tidewater during the third quarter worth approximately $25,871,000. Finally, Principal Financial Group Inc. grew its stake in Tidewater by 622.0% during the second quarter. Principal Financial Group Inc. now owns 277,346 shares of the oil and gas company's stock worth $26,406,000 after purchasing an additional 238,933 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 cut Tidewater from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, DNB Markets started coverage on Tidewater in a research note on Friday, November 29th. They issued a "buy" rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $95.80.

Tidewater Stock Down 0.5 %

Shares of TDW stock traded down $0.22 during trading hours on Tuesday, reaching $47.15. The company had a trading volume of 977,668 shares, compared to its average volume of 909,393. Tidewater Inc. has a 12 month low of $46.50 and a 12 month high of $111.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The business has a fifty day simple moving average of $58.34 and a 200-day simple moving average of $78.89. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 13.87 and a beta of 1.10.

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.