Charles Schwab Investment Management Inc. Increases Position in Tidewater Inc. (NYSE:TDW)

Charles Schwab Investment Management Inc. raised its position in shares of Tidewater Inc. (NYSE:TDW) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,793 shares of the oil and gas company’s stock after buying an additional 56,276 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tidewater were worth $26,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TDW. Steward Partners Investment Advisory LLC boosted its holdings in Tidewater by 336.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,588 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 1,224 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of Tidewater in the fourth quarter valued at approximately $301,000. VELA Investment Management LLC grew its holdings in shares of Tidewater by 73.4% in the fourth quarter. VELA Investment Management LLC now owns 41,319 shares of the oil and gas company’s stock valued at $2,261,000 after purchasing an additional 17,487 shares in the last quarter. Private Advisor Group LLC increased its stake in Tidewater by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after buying an additional 463 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its holdings in Tidewater by 4.0% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 39,256 shares of the oil and gas company’s stock worth $2,148,000 after buying an additional 1,495 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tidewater

In related news, Director Robert Robotti acquired 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, with a total value of $1,002,750.00. Following the completion of the acquisition, the director now 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 legal filing with the SEC, which can be accessed through this link. 8.33% of the stock is owned by insiders.

Tidewater Price Performance

Shares of TDW opened at $41.48 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $51.03 and its 200-day simple moving average is $57.59. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.20 and a beta of 1.06. Tidewater Inc. has a twelve month low of $38.65 and a twelve month high of $111.42.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TDW shares. DNB Markets started coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.