Tidewater Inc. (NYSE:TDW) Stock Holdings Increased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 899.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,899 shares of the oil and gas company's stock after purchasing an additional 89,899 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.19% of Tidewater worth $7,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TDW. Vanguard Group Inc. increased its holdings in Tidewater by 37.9% in the third quarter. Vanguard Group Inc. now owns 3,798,600 shares of the oil and gas company's stock valued at $269,967,000 after buying an additional 1,043,804 shares in the last quarter. FMR LLC increased its position in shares of Tidewater by 1,294.4% in the third quarter. FMR LLC now owns 1,064,896 shares of the oil and gas company's stock valued at $75,682,000 after buying an additional 988,528 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Tidewater in the 4th quarter worth about $25,322,000. Victory Capital Management Inc. grew its stake in Tidewater by 1,514.0% in the 3rd quarter. Victory Capital Management Inc. now owns 258,849 shares of the oil and gas company's stock valued at $18,396,000 after acquiring an additional 242,811 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Tidewater by 182.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 371,181 shares of the oil and gas company's stock valued at $26,380,000 after acquiring an additional 239,761 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Trading Down 2.1 %

NYSE TDW traded down $2.21 during trading hours on Friday, hitting $104.76. 804,049 shares of the company's stock were exchanged, compared to its average volume of 766,827. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 1.81. The firm has a market capitalization of $5.53 billion, a P/E ratio of 41.74 and a beta of 1.21. The business's 50 day moving average is $92.82 and its 200-day moving average is $75.56. Tidewater Inc. has a 12-month low of $42.61 and a 12-month high of $111.42.

Tidewater (NYSE:TDW - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.40. The company had revenue of $321.20 million for the quarter, compared to analyst estimates of $312.05 million. Tidewater had a net margin of 11.73% and a return on equity of 16.24%. Tidewater's revenue for the quarter was up 66.3% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. As a group, analysts anticipate that Tidewater Inc. will post 4.68 EPS for the current fiscal year.

Tidewater declared that its board has authorized a share buyback program on Thursday, February 29th that authorizes the company to repurchase $48.60 million in shares. This repurchase authorization authorizes the oil and gas company to reacquire up to 1.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Tidewater

In other Tidewater news, CFO Samuel R. Rubio sold 19,641 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $81.36, for a total transaction of $1,597,991.76. Following the completion of the sale, the chief financial officer now directly owns 98,036 shares in the company, valued at $7,976,208.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tidewater news, EVP Daniel A. Hudson sold 8,000 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $82.00, for a total value of $656,000.00. Following the transaction, the executive vice president now directly owns 104,312 shares of the company's stock, valued at $8,553,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Samuel R. Rubio sold 19,641 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $81.36, for a total value of $1,597,991.76. Following the completion of the sale, the chief financial officer now directly owns 98,036 shares of the company's stock, valued at approximately $7,976,208.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 266,479 shares of company stock worth $27,767,870. 9.59% of the stock is owned by insiders.

Analyst Ratings Changes

TDW has been the topic of several recent research reports. Pickering Energy Partners started coverage on shares of Tidewater in a report on Tuesday, January 30th. They issued an "outperform" rating on the stock. StockNews.com upgraded Tidewater from a "sell" rating to a "hold" rating in a research report on Monday, March 4th. Evercore ISI increased their price objective on Tidewater from $87.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. BTIG Research boosted their target price on shares of Tidewater from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Finally, Johnson Rice started coverage on shares of Tidewater in a research note on Friday, February 9th. They set a "buy" rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $98.00.

Tidewater 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.