Dimensional Fund Advisors LP Has $84.89 Million Holdings in Tidewater Inc. (NYSE:TDW)

Dimensional Fund Advisors LP lifted its holdings in Tidewater Inc. (NYSE:TDW) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,551,729 shares of the oil and gas company’s stock after buying an additional 286,097 shares during the quarter. Dimensional Fund Advisors LP owned about 2.97% of Tidewater worth $84,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDW. Tidal Investments LLC lifted its position in shares of Tidewater by 8.1% during the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 267 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Tidewater by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock worth $58,000 after buying an additional 333 shares in the last quarter. Tectonic Advisors LLC boosted its position in Tidewater by 2.3% in the 4th quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock valued at $961,000 after buying an additional 402 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Tidewater by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 463 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Tidewater by 0.9% during the fourth quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company’s stock worth $3,020,000 after acquiring an additional 496 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Up 2.7 %

Shares of NYSE:TDW opened at $37.59 on Wednesday. The company has a 50 day moving average price of $39.77 and a two-hundred day moving average price of $49.54. The company has a market capitalization of $1.93 billion, a PE ratio of 11.05 and a beta of 0.70. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $111.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29.

Insider Activity at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Tidewater 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.