XTX Topco Ltd Sells 9,834 Shares of Tidewater Inc. (NYSE:TDW)

XTX Topco Ltd lessened its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 65.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,168 shares of the oil and gas company's stock after selling 9,834 shares during the period. XTX Topco Ltd's holdings in Tidewater were worth $283,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TDW. Mariner LLC increased its stake in shares of Tidewater by 152.8% during the fourth quarter. Mariner LLC now owns 22,864 shares of the oil and gas company's stock valued at $1,251,000 after acquiring an additional 13,820 shares during the period. Barclays PLC increased its position in shares of Tidewater by 81.8% during the 4th quarter. Barclays PLC now owns 143,374 shares of the oil and gas company's stock valued at $7,844,000 after purchasing an additional 64,526 shares during the period. Varde Management L.P. acquired a new position in shares of Tidewater during the 4th quarter valued at $1,553,000. Covestor Ltd raised its stake in shares of Tidewater by 54.9% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the oil and gas company's stock worth $100,000 after buying an additional 645 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Tidewater in the fourth quarter valued at $4,347,000. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Trading Up 2.7 %

TDW traded up $1.01 during trading on Tuesday, reaching $37.59. The company had a trading volume of 1,256,072 shares, compared to its average volume of 1,084,097. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $111.42. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 11.05 and a beta of 0.70. The firm's 50-day simple moving average is $40.05 and its 200 day simple moving average is $49.62.

Insider Activity

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.33% of the stock is owned by company insiders.

Analyst Ratings Changes

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