Tidewater Inc. (NYSE:TDW) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in Tidewater Inc. (NYSE:TDW) by 2,018.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,271 shares of the oil and gas company’s stock after buying an additional 1,211 shares during the period. Venturi Wealth Management LLC’s holdings in Tidewater were worth $70,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDW. Creative Planning raised its stake in shares of Tidewater by 42.8% in the 3rd quarter. Creative Planning now owns 9,886 shares of the oil and gas company’s stock worth $710,000 after buying an additional 2,965 shares in the last quarter. Raymond James & Associates raised its stake in shares of Tidewater by 11.9% in the 3rd quarter. Raymond James & Associates now owns 93,682 shares of the oil and gas company’s stock worth $6,725,000 after buying an additional 9,952 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Tidewater by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 4,852 shares of the oil and gas company’s stock worth $348,000 after buying an additional 600 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Tidewater by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,945 shares of the oil and gas company’s stock worth $10,047,000 after buying an additional 457 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Tidewater by 17.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,622 shares of the oil and gas company’s stock worth $404,000 after buying an additional 840 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Down 0.9 %

NYSE:TDW opened at $50.01 on Tuesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 14.71 and a beta of 1.04. Tidewater Inc. has a 1-year low of $46.50 and a 1-year high of $111.42. 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 business’s fifty day moving average price is $53.88 and its 200 day moving average price is $62.30.

Insider Buying and Selling at Tidewater

In other news, CEO Quintin Kneen bought 41,615 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the purchase, the chief executive officer now directly owns 176,239 shares of the company’s stock, valued at $8,470,046.34. This trade represents a 30.91 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDW. DNB Markets began coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 target price on the stock. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James lowered Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $131.00 to $102.00 in a research report on Monday, November 11th. Finally, Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.