Bank of New York Mellon Corp Has $15.23 Million Stock Position in Tidewater Inc. $TDW

Bank of New York Mellon Corp cut its holdings in shares of Tidewater Inc. (NYSE:TDW) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330,057 shares of the oil and gas company’s stock after selling 32,345 shares during the period. Bank of New York Mellon Corp owned approximately 0.67% of Tidewater worth $15,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDW. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tidewater by 2,321.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 650 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Tidewater during the 1st quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd raised its holdings in Tidewater by 2,510.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 992 shares of the oil and gas company’s stock worth $42,000 after buying an additional 954 shares during the period. Bogart Wealth LLC lifted its stake in Tidewater by 28.6% in the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 200 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 422 shares during the period. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Price Performance

Shares of NYSE TDW opened at $56.54 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.04. The business has a 50-day moving average of $53.43 and a 200-day moving average of $50.61. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.65 and a beta of 1.00. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $64.07.

Tidewater (NYSE:TDW) last released its earnings results on Monday, November 10th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.48). The company had revenue of $341.11 million for the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a return on equity of 16.74% and a net margin of 14.62%.The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. Tidewater has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Tidewater declared that its Board of Directors has authorized a share buyback program on Monday, August 4th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas company to repurchase up to 21.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on TDW shares. Evercore ISI dropped their price objective on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. Zacks Research cut Tidewater from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Fearnley Fonds raised Tidewater to a “hold” rating in a research note on Tuesday, September 16th. Dnb Nor Markets lowered Tidewater from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $68.33.

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.