Hsbc Holdings PLC reduced its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,474 shares of the oil and gas company's stock after selling 21,672 shares during the period. Hsbc Holdings PLC owned approximately 1.05% of Tidewater worth $29,903,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in TDW. Pacer Advisors Inc. increased its holdings in Tidewater by 42,719.6% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in Tidewater in the 4th quarter valued at $32,388,000. Dimensional Fund Advisors LP increased its holdings in Tidewater by 22.6% in the 4th 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Tidewater during the fourth quarter valued at about $7,204,000. Finally, Villere ST Denis J & Co. LLC grew its stake in shares of Tidewater by 35.1% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company's stock valued at $26,633,000 after acquiring an additional 126,441 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on TDW shares. Pickering Energy Partners downgraded Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI downgraded Tidewater from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tidewater has a consensus rating of "Moderate Buy" and an average price target of $92.50.
Check Out Our Latest Stock Analysis on Tidewater
Tidewater Stock Up 0.9 %
NYSE:TDW traded up $0.31 during mid-day trading on Thursday, reaching $36.50. The stock had a trading volume of 397,728 shares, compared to its average volume of 1,197,391. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.74 and a beta of 0.70. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $111.42. The stock's 50 day simple moving average is $39.49 and its two-hundred day simple moving average is $49.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.
Insider Buying and Selling
In other Tidewater news, Director Robert Robotti bought 25,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the acquisition, the director now directly owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.33% of the company's stock.
About Tidewater
(
Free Report)
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.
Recommended Stories
Before you consider Tidewater, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.
While Tidewater currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
