Robert Robotti Purchases 25,000 Shares of Tidewater Inc. (NYSE:TDW) Stock

Tidewater Inc. (NYSE:TDW) Director Robert Robotti acquired 25,000 shares of the company’s stock in a transaction dated 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 owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert Robotti also recently made the following trade(s):

• On Wednesday, March 5th, Robert Robotti purchased 1,770 shares of Tidewater stock. The shares were purchased at an average price of $40.95 per share, for a total transaction of $72,481.50.

Tidewater Price Performance

Shares of TDW stock opened at $40.46 on Friday. The stock’s fifty day simple moving average is $51.32 and its 200 day simple moving average is $58.13. Tidewater Inc. has a one year low of $38.65 and a one year high of $111.42. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 11.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Institutional Investors Weigh In On Tidewater

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Tidewater by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,486,286 shares of the oil and gas company’s stock worth $300,155,000 after purchasing an additional 56,919 shares in the last quarter. Robotti Robert increased its holdings in shares of Tidewater by 1.1% during the fourth quarter. Robotti Robert now owns 2,632,980 shares of the oil and gas company’s stock worth $144,050,000 after buying an additional 28,083 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tidewater by 20.4% in 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 acquiring an additional 390,814 shares during the last quarter. State Street Corp boosted its holdings in shares of Tidewater by 1.9% in the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company’s stock worth $134,044,000 after acquiring an additional 35,318 shares in the last quarter. Finally, Encompass Capital Advisors LLC grew its position 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 worth $86,569,000 after acquiring an additional 238,170 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Wall Street Analyst Weigh In

TDW has been the topic of several recent research reports. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and decreased 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 report on Tuesday, January 14th. Finally, DNB Markets started coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.50.

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.