Tidewater Inc. (NYSE:TDW) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 65.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,168 shares of the oil and gas company's stock after selling 9,834 shares during the quarter. XTX Topco Ltd's holdings in Tidewater were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDW. Raymond James Financial Inc. acquired a new position in shares of Tidewater during the 4th quarter valued at about $4,347,000. Hodges Capital Management Inc. grew its position in Tidewater by 103.0% in the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company's stock worth $5,288,000 after acquiring an additional 49,050 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Tidewater by 23.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company's stock valued at $8,431,000 after purchasing an additional 29,721 shares during the last quarter. Barclays PLC grew its holdings in shares of Tidewater by 354.2% during the 3rd quarter. Barclays PLC now owns 78,848 shares of the oil and gas company's stock worth $5,661,000 after purchasing an additional 61,487 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Tidewater by 42,719.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock worth $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Stock Up 4.0 %

Shares of TDW traded up $1.46 during mid-day trading on Thursday, hitting $37.65. 318,907 shares of the company's stock were exchanged, compared to its average volume of 1,085,047. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 11.08 and a beta of 0.70. The stock's 50-day moving average is $39.49 and its 200-day moving average is $49.45. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $111.42.

Insider Transactions at Tidewater

In related news, Director Robert Robotti purchased 25,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.33% of the company's stock.

Analysts Set New Price Targets

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

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.