Lane Generational LLC Takes $2.50 Million Position in Tidewater Inc. (NYSE:TDW)

Lane Generational LLC bought a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 59,221 shares of the oil and gas company's stock, valued at approximately $2,503,000. Tidewater comprises 2.7% of Lane Generational LLC's investment portfolio, making the stock its 18th largest position. Lane Generational LLC owned about 0.12% of Tidewater as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Tidewater in the fourth quarter valued at $32,388,000. Price T Rowe Associates Inc. MD boosted its holdings in Tidewater by 20.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company's stock valued at $126,180,000 after acquiring an additional 390,814 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tidewater by 22.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,551,729 shares of the oil and gas company's stock valued at $84,888,000 after acquiring an additional 286,097 shares in the last quarter. Encompass Capital Advisors LLC boosted its holdings in Tidewater by 17.7% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,582,328 shares of the oil and gas company's stock valued at $86,569,000 after acquiring an additional 238,170 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Tidewater during the 4th quarter valued at $12,574,000. Institutional investors own 95.13% of the company's stock.

Insider Transactions at Tidewater

In other Tidewater news, Director Robert Robotti bought 15,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average price of $42.05 per share, with a total value of $630,750.00. Following the transaction, the director owned 2,234,957 shares in the company, valued at $93,979,941.85. This represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel A. Hudson sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $50.02, for a total transaction of $250,100.00. Following the sale, the executive vice president directly owned 85,986 shares of the company's stock, valued at $4,301,019.72. The trade was a 5.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,560 shares of company stock valued at $1,074,858. 8.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BTIG Research cut shares of Tidewater from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Raymond James Financial dropped their price target on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $69.33.

Tidewater Stock Performance

NYSE:TDW traded up $0.07 during mid-day trading on Friday, reaching $51.89. The company's stock had a trading volume of 368,270 shares, compared to its average volume of 821,405. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $102.39. The firm's fifty day moving average price is $46.10 and its two-hundred day moving average price is $45.31. The company has a current ratio of 2.07, a quick ratio of 2.00 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.57 billion, a P/E ratio of 15.54 and a beta of 1.08.

Tidewater (NYSE:TDW - Get Free Report) last issued its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. Tidewater had a return on equity of 15.97% and a net margin of 12.98%. During the same period last year, the business posted $0.89 earnings per share. The company's revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

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.