Stratos Wealth Advisors LLC Increases Holdings in Tidewater Inc. $TDW

Stratos Wealth Advisors LLC increased its position in Tidewater Inc. (NYSE:TDW) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,742 shares of the oil and gas company’s stock after purchasing an additional 11,052 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.10% of Tidewater worth $2,462,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blume Capital Management Inc. lifted its holdings in shares of Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after buying an additional 295 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Tidewater by 401.0% during the third quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 413 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Tidewater by 701.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 870 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Tidewater in the second quarter valued at about $47,000. Finally, Wexford Capital LP purchased a new stake in Tidewater in the third quarter worth about $56,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Samuel R. Rubio sold 22,461 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the transaction, the executive vice president directly owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel A. Hudson sold 5,195 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $80.56, for a total value of $418,509.20. Following the sale, the executive vice president owned 45,971 shares of the company’s stock, valued at approximately $3,703,423.76. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,656 shares of company stock valued at $4,079,112 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

Tidewater Price Performance

Shares of TDW stock opened at $84.38 on Friday. The stock’s 50-day moving average is $74.32 and its 200 day moving average is $60.95. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $88.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 2.78. The company has a market cap of $4.18 billion, a P/E ratio of 12.63 and a beta of 0.56.

Tidewater (NYSE:TDW) last released its quarterly earnings results on Monday, March 2nd. The oil and gas company reported $4.41 EPS for the quarter, beating the consensus estimate of $0.77 by $3.64. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The business had revenue of $336.80 million during the quarter, compared to analyst estimates of $329.39 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TDW. Barclays started coverage on shares of Tidewater in a research report on Wednesday. They set an “equal weight” rating and a $80.00 target price on the stock. Raymond James Financial set a $117.00 price target on shares of Tidewater in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Dawson James reissued an “outperform” rating on shares of Tidewater in a report on Tuesday, March 3rd. Finally, Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.33.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.