Huntleigh Advisors Inc. Makes New $268,000 Investment in Tidewater Inc. (NYSE:TDW)

Huntleigh Advisors Inc. purchased a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,352 shares of the oil and gas company's stock, valued at approximately $268,000.

A number of other institutional investors have also recently bought and sold shares of TDW. Vanguard Group Inc. lifted its holdings in Tidewater by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock worth $300,155,000 after purchasing an additional 56,919 shares during the last quarter. Robotti Robert grew its position in shares of Tidewater by 1.1% during the 4th quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company's stock worth $144,050,000 after buying an additional 28,083 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Tidewater by 20.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company's stock worth $126,180,000 after acquiring an additional 390,814 shares during the last quarter. Encompass Capital Advisors LLC boosted its stake in Tidewater by 17.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,582,328 shares of the oil and gas company's stock worth $86,569,000 after acquiring an additional 238,170 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 buying an additional 286,097 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial cut their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.33.

Insider Activity at Tidewater

In related news, Director Robert Robotti purchased 15,000 shares of Tidewater stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of $42.05 per share, for a total transaction of $630,750.00. Following the purchase, the director owned 2,234,957 shares in the company, valued at approximately $93,979,941.85. This trade represents a 0.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 25,560 shares of company stock valued at $1,074,858 over the last three months. 8.33% of the stock is currently owned by corporate insiders.

Tidewater Stock Performance

Shares of NYSE:TDW traded up $0.36 on Friday, hitting $48.08. The company had a trading volume of 472,978 shares, compared to its average volume of 1,051,993. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $108.44. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 14.40 and a beta of 1.08. The stock has a 50 day moving average price of $43.02 and a 200 day moving average price of $45.53. The company has a current ratio of 2.07, a quick ratio of 2.00 and a debt-to-equity ratio of 0.50.

Tidewater (NYSE:TDW - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The oil and gas company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.59 by $0.24. Tidewater had a net margin of 12.98% and a return on equity of 15.97%. During the same period in the prior year, the firm earned $0.89 EPS. Tidewater's quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Tidewater Inc. will post 3.25 EPS for the current 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.