Tidewater Inc. (NYSE:TDW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Tidewater Inc. (NYSE:TDW) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,770 shares of the oil and gas company’s stock after selling 472 shares during the quarter. Yousif Capital Management LLC’s holdings in Tidewater were worth $751,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Norges Bank purchased a new stake in Tidewater during the 4th quarter worth approximately $32,388,000. Price T Rowe Associates Inc. MD grew its position in shares of Tidewater by 20.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company’s stock worth $126,180,000 after buying an additional 390,814 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Tidewater by 22.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,551,729 shares of the oil and gas company’s stock worth $84,888,000 after buying an additional 286,097 shares during the last quarter. Encompass Capital Advisors LLC increased its stake in shares of Tidewater by 17.7% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,582,328 shares of the oil and gas company’s stock worth $86,569,000 after buying an additional 238,170 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Tidewater in the fourth quarter valued at $12,574,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In other news, Director Robert Robotti acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $42.05 per share, with a total value of $630,750.00. Following the acquisition, the director now directly owns 2,234,957 shares in the company, valued at approximately $93,979,941.85. The trade was a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 25,560 shares of company stock worth $1,074,858. 8.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their price objective on shares of Tidewater from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.33.

Tidewater Trading Down 0.2%

NYSE:TDW opened at $46.99 on Friday. The company has a market cap of $2.33 billion, a PE ratio of 14.07 and a beta of 1.07. The business’s 50 day moving average is $40.29 and its two-hundred day moving average is $45.74. The company has a quick ratio of 2.00, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $108.44.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. Tidewater had a return on equity of 15.97% and a net margin of 12.98%. During the same quarter in the previous year, the firm earned $0.89 EPS. Tidewater’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Tidewater Inc. will post 3.25 EPS for the current year.

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.