Tidewater Inc. (NYSE:TDW) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of Tidewater Inc. (NYSE:TDW) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 836,253 shares of the oil and gas company’s stock after buying an additional 124,610 shares during the period. Van ECK Associates Corp owned approximately 1.60% of Tidewater worth $45,752,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Centiva Capital LP acquired a new stake in shares of Tidewater during the third quarter worth about $958,000. Hodges Capital Management Inc. lifted its position in Tidewater by 103.0% in the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company’s stock valued at $5,288,000 after purchasing an additional 49,050 shares during the period. Raymond James & Associates lifted its position in Tidewater by 11.9% in the third quarter. Raymond James & Associates now owns 93,682 shares of the oil and gas company’s stock valued at $6,725,000 after purchasing an additional 9,952 shares during the period. Harbor Capital Advisors Inc. lifted its position in Tidewater by 23.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock valued at $8,431,000 after purchasing an additional 29,721 shares during the period. Finally, Citigroup Inc. lifted its position in Tidewater by 75.2% in the third quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company’s stock valued at $4,193,000 after purchasing an additional 25,064 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Price Performance

TDW stock opened at $54.44 on Friday. The firm has a 50 day moving average of $53.17 and a 200-day moving average of $64.55. Tidewater Inc. has a 12-month low of $46.50 and a 12-month high of $111.42. 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 company has a market cap of $2.85 billion, a price-to-earnings ratio of 16.01 and a beta of 1.04.

Insider Activity

In other Tidewater news, CEO Quintin Kneen acquired 41,615 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $48.06 per share, with a total value of $2,000,016.90. Following the purchase, the chief executive officer now directly owns 176,239 shares in the company, valued at approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TDW has been the subject of a number of recent analyst reports. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. DNB Markets initiated coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a “buy” rating and a $70.00 price objective for the company. Raymond James downgraded shares of Tidewater from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $131.00 to $102.00 in a research report on Monday, November 11th. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.50.

About Tidewater

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.