Tidewater Inc. (NYSE:TDW) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Tidewater Inc. (NYSE:TDW) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 490,793 shares of the oil and gas company’s stock after purchasing an additional 56,276 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of Tidewater worth $26,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Tidewater during the 4th quarter worth approximately $33,000. Quarry LP increased its position in shares of 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 purchasing an additional 531 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Tidewater during the third quarter worth approximately $65,000. Venturi Wealth Management LLC raised its stake in Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake 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 worth $87,000 after purchasing an additional 1,224 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the acquisition, the director now owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TDW. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their target price for the company 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 report on Tuesday, January 14th. Finally, DNB Markets assumed coverage on shares of Tidewater in a research note on Friday, November 29th. They issued a “buy” rating and a $70.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Tidewater presently has an average rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Price Performance

Tidewater stock 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 stock has a market cap of $2.14 billion, a P/E ratio of 12.20 and a beta of 1.06. The company has a 50-day moving average price of $51.03 and a 200 day moving average price of $57.59. Tidewater Inc. has a 12-month low of $38.65 and a 12-month 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.