Hosking Partners LLP Sells 13,302 Shares of Tidewater Inc. (NYSE:TDW)

Hosking Partners LLP cut its stake in Tidewater Inc. (NYSE:TDW) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,763 shares of the oil and gas company’s stock after selling 13,302 shares during the quarter. Hosking Partners LLP owned 0.42% of Tidewater worth $11,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. VELA Investment Management LLC grew its position in Tidewater by 73.4% during 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 buying an additional 17,487 shares during the period. Private Advisor Group LLC boosted its stake in 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 worth $291,000 after purchasing an additional 463 shares during the period. Mraz Amerine & Associates Inc. grew its stake in Tidewater by 4.0% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 39,256 shares of the oil and gas company’s stock valued at $2,148,000 after acquiring an additional 1,495 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Tidewater by 2,018.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 1,211 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Tidewater by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 276,113 shares of the oil and gas company’s stock valued at $15,106,000 after acquiring an additional 10,795 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TDW shares. Raymond James cut Tidewater from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $131.00 to $102.00 in a report on Monday, November 11th. Evercore ISI cut 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 note on Wednesday, January 15th. DNB Markets began coverage on shares of Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Stock Performance

TDW opened at $48.77 on Friday. The firm has a market cap of $2.55 billion, a P/E ratio of 14.34 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 50 day simple moving average of $53.75 and a two-hundred day simple moving average of $61.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Insider Buying and Selling

In other news, CEO Quintin Kneen bought 41,615 shares of Tidewater stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $48.06 per share, with a total value of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.33% of the stock is currently owned by insiders.

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.