Tidewater Inc. (NYSE:TDW) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,551,729 shares of the oil and gas company's stock after purchasing an additional 286,097 shares during the period. Dimensional Fund Advisors LP owned approximately 2.97% of Tidewater worth $84,888,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fortitude Family Office LLC acquired a new stake in Tidewater during the fourth quarter worth about $33,000. AlphaQuest LLC boosted its position in Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after purchasing an additional 511 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Tidewater during the 4th quarter worth approximately $53,000. EverSource Wealth Advisors LLC increased its holdings in shares of Tidewater by 45.5% during the 4th 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 increased its holdings in shares of Tidewater by 2,018.3% during the 4th 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. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Price Performance

TDW traded down $0.29 during midday trading on Monday, hitting $38.20. 105,754 shares of the company traded hands, compared to its average volume of 1,081,340. The business has a 50 day simple moving average of $39.05 and a two-hundred day simple moving average of $48.87. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $111.42. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.26 and a beta of 1.00. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDW. Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and dropped their price target for the company 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 research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $92.50.

Insider Activity at Tidewater

In other news, Director Robert Robotti bought 1,770 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $40.95 per share, for a total transaction of $72,481.50. Following the completion of the transaction, the director now directly owns 2,183,670 shares in the company, valued at $89,421,286.50. The trade was a 0.08 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.33% of the stock is currently owned by corporate insiders.

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.