Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Invests $1.69 Million in Tidewater Inc. (NYSE:TDW)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new position in Tidewater Inc. (NYSE:TDW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the oil and gas company's stock, valued at approximately $1,691,000. Tidewater comprises 0.9% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's investment portfolio, making the stock its 22nd largest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned approximately 0.08% of Tidewater as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDW. Norges Bank purchased a new stake in Tidewater during the 4th quarter valued at about $32,388,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Tidewater by 20.4% during 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 period. Dimensional Fund Advisors LP grew 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 worth $84,888,000 after purchasing an additional 286,097 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings 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 buying an additional 238,170 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in Tidewater in the 4th quarter worth $12,574,000. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Stock Performance

NYSE TDW traded down $0.76 during trading hours on Friday, hitting $47.86. 645,829 shares of the company's stock traded hands, compared to its average volume of 1,056,494. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $106.50. The firm has a market capitalization of $2.37 billion, a P/E ratio of 14.33 and a beta of 1.08. 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 business's fifty day moving average price is $45.28 and its two-hundred day moving average price is $45.50.

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, beating 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%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Equities research analysts predict that Tidewater Inc. will post 3.25 EPS for the current year.

Insider Transactions at Tidewater

In other news, Director Robert Robotti purchased 15,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the director owned 2,234,957 shares of the company's stock, valued at approximately $93,979,941.85. This trade represents a 0.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel A. Hudson sold 5,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $50.02, for a total value of $250,100.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 25,560 shares of company stock valued at $1,074,858. Company insiders own 8.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDW. BTIG Research downgraded Tidewater from a "buy" rating to a "neutral" rating in a report on Monday. Raymond James Financial reduced 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $69.33.

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.