Fmr LLC Has $132.20 Million Stock Position in Tidewater Inc. (NYSE:TDW)

FMR LLC decreased its position in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,416,407 shares of the oil and gas company's stock after selling 881,271 shares during the quarter. FMR LLC owned about 4.62% of Tidewater worth $132,202,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the period. Norges Bank bought a new stake in Tidewater during the 4th quarter valued at $32,388,000. Villere ST Denis J & Co. LLC boosted its position in Tidewater by 35.1% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company's stock worth $26,633,000 after acquiring an additional 126,441 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Tidewater by 135.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 219,183 shares of the oil and gas company's stock worth $11,992,000 after purchasing an additional 126,162 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Tidewater by 17.5% during the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company's stock valued at $45,752,000 after purchasing an additional 124,610 shares during the period. Institutional investors own 95.13% of the company's stock.

Insider Transactions at Tidewater

In other Tidewater news, Director Robert Robotti bought 25,000 shares of Tidewater stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.50.

Tidewater Price Performance

NYSE:TDW traded up $2.02 during mid-day trading on Friday, reaching $34.29. 929,455 shares of the stock were exchanged, compared to its average volume of 1,074,786. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $111.42. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.76 billion, a PE ratio of 10.09 and a beta of 0.70. The business has a fifty day moving average price of $42.76 and a 200 day moving average price of $51.60.

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.