Keybank National Association OH purchased a new stake in Tidewater Inc. (NYSE:TDW – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 304,682 shares of the oil and gas company’s stock, valued at approximately $25,456,000.
A number of other institutional investors also recently modified their holdings of the business. State Street Corp lifted its position in shares of Tidewater by 4.7% during the 4th quarter. State Street Corp now owns 1,901,880 shares of the oil and gas company’s stock worth $96,064,000 after buying an additional 85,697 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Tidewater by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,685 shares of the oil and gas company’s stock valued at $88,529,000 after acquiring an additional 215,145 shares during the last quarter. Cerity Partners LLC grew its position in Tidewater by 104.3% in the fourth quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company’s stock valued at $57,730,000 after acquiring an additional 583,607 shares during the last quarter. American Century Companies Inc. raised its stake in Tidewater by 74.2% during the third quarter. American Century Companies Inc. now owns 969,392 shares of the oil and gas company’s stock worth $51,698,000 after acquiring an additional 412,911 shares in the last quarter. Finally, Hosking Partners LLP raised its stake in Tidewater by 11.3% during the fourth quarter. Hosking Partners LLP now owns 650,785 shares of the oil and gas company’s stock worth $32,871,000 after acquiring an additional 65,875 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.
Tidewater Price Performance
Tidewater stock opened at $67.94 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.38 billion, a PE ratio of 11.38 and a beta of 0.53. Tidewater Inc. has a 12 month low of $45.71 and a 12 month high of $93.13. The stock has a 50-day moving average price of $76.18 and a two-hundred day moving average price of $71.77.
Analyst Ratings Changes
TDW has been the topic of a number of research analyst reports. Pickering Energy Partners upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Fearnley Fonds upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Barclays increased their price objective on shares of Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tidewater has an average rating of “Hold” and an average price target of $89.33.
Check Out Our Latest Analysis on Tidewater
Tidewater Company Profile
Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.
The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.
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