US Bancorp DE Has $215,000 Stake in Tidewater Inc. (NYSE:TDW)

US Bancorp DE decreased its holdings in shares of Tidewater Inc. (NYSE:TDW) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,932 shares of the oil and gas company’s stock after selling 3,504 shares during the quarter. US Bancorp DE’s holdings in Tidewater were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC lifted its stake in Tidewater by 8.1% in the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 267 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Tidewater by 3.5% in the third quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 321 shares during the period. Tectonic Advisors LLC raised its position in shares of Tidewater by 2.3% in the fourth quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock valued at $961,000 after purchasing an additional 402 shares during the period. Private Advisor Group LLC increased its position in Tidewater by 9.5% during the fourth quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after acquiring an additional 463 shares during the period. Finally, Quarry LP increased its position in Tidewater by 187.6% during the third quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 531 shares during the period. Institutional investors own 95.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Robotti acquired 25,000 shares of the 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 purchase, the director now owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TDW shares. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. DNB Markets initiated coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price target for the company. Finally, Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Price Performance

TDW opened at $40.46 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.90 and a beta of 1.06. The firm’s fifty day moving average price is $51.64 and its two-hundred day moving average price is $58.70. Tidewater Inc. has a 1 year low of $38.65 and a 1 year high of $111.42.

Tidewater Company 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.