6,352 Shares in Tidewater Inc. (NYSE:TDW) Purchased by Huntleigh Advisors Inc.

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

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Tidewater by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock worth $300,155,000 after buying an additional 56,919 shares during the last quarter. Robotti Robert increased its holdings in shares of Tidewater by 1.1% in the fourth quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company's stock valued at $144,050,000 after purchasing an additional 28,083 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 390,814 shares during the last quarter. Encompass Capital Advisors LLC increased its holdings in shares of 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 purchasing an additional 238,170 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 286,097 shares during 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 decreased their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.33.

Insider Transactions at Tidewater

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

Tidewater Stock Performance

Shares of NYSE:TDW traded up $3.61 on Tuesday, hitting $51.82. The company had a trading volume of 1,755,607 shares, compared to its average volume of 1,055,759. 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 $2.56 billion, a price-to-earnings ratio of 15.51 and a beta of 1.08. The stock has a 50 day moving average price of $43.54 and a 200 day moving average price of $45.55. 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 announced its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.24. Tidewater had a net margin of 12.98% and a return on equity of 15.97%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. Analysts expect that Tidewater Inc. will post 3.25 EPS for the current year.

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.