10,000 Shares in Tidewater Inc. (NYSE:TDW) Acquired by Css LLC Il

CSS LLC IL acquired a new position in shares of Tidewater Inc. (NYSE:TDW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the oil and gas company's stock, valued at approximately $547,000.

Several other hedge funds have also made changes to their positions in TDW. EverSource Wealth Advisors LLC increased its stake in shares of Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after buying an additional 333 shares during the period. Tectonic Advisors LLC increased its position in Tidewater by 2.3% during the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company's stock valued at $961,000 after purchasing an additional 402 shares during the period. Private Advisor Group LLC raised its holdings in shares of Tidewater by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company's stock valued at $291,000 after purchasing an additional 463 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Tidewater by 13.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,154 shares of the oil and gas company's stock valued at $227,000 after purchasing an additional 479 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Tidewater by 0.9% in the 4th quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company's stock worth $3,020,000 after purchasing an additional 496 shares during the period. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Tidewater Stock Up 3.0%

TDW traded up $1.18 on Tuesday, hitting $40.64. The company had a trading volume of 198,913 shares, compared to its average volume of 1,089,430. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The stock has a fifty day moving average price of $38.54 and a 200-day moving average price of $46.58. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $108.44.

Tidewater (NYSE:TDW - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same period in the prior year, the company posted $0.89 EPS. The business's revenue was up 3.8% compared to the same quarter last year. Analysts predict that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James reduced their price objective on shares of Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $69.33.

Insider Transactions at Tidewater

In other Tidewater news, Director Robert Robotti acquired 1,770 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $40.95 per share, with a total value of $72,481.50. Following the transaction, the director now directly owns 2,183,670 shares of the company's stock, valued at $89,421,286.50. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.33% of the company's stock.

Tidewater Company 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.