Montag A & Associates Inc. Sells 109,497 Shares of Tidewater Inc. (NYSE:TDW)

Montag A & Associates Inc. trimmed its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 72.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,337 shares of the oil and gas company's stock after selling 109,497 shares during the quarter. Montag A & Associates Inc. owned about 0.08% of Tidewater worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TDW. Vanguard Group Inc. boosted its stake in Tidewater by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company's stock valued at $300,155,000 after purchasing an additional 56,919 shares in the last quarter. Robotti Robert boosted its stake in Tidewater by 1.1% during the 4th 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 in the last quarter. 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 valued at $126,180,000 after purchasing an additional 390,814 shares in 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 valued at $86,569,000 after purchasing an additional 238,170 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Tidewater by 22.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,551,729 shares of the oil and gas company's stock worth $84,888,000 after acquiring an additional 286,097 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti acquired 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were 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. The trade was a 0.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel A. Hudson sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was 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 in the company, valued at $4,301,019.72. This trade represents a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 25,560 shares of company stock valued at $1,074,858 in the last three months. 8.33% of the stock is owned by company insiders.

Tidewater Price Performance

TDW remained flat at $51.65 during midday trading on Thursday. 197,318 shares of the company's stock were exchanged, compared to its average volume of 1,068,822. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 15.42 and a beta of 1.08. The company has a quick ratio of 2.00, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $102.39. The company's 50 day moving average is $45.70 and its 200-day moving average is $45.38.

Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 earnings per share for the quarter, topping 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 previous year, the firm posted $0.89 earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Analysts Set New Price Targets

TDW has been the topic of a number of research analyst reports. BTIG Research downgraded Tidewater from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Raymond James Financial lowered their price target on Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $69.33.

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.