Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $449,000 Stock Position in Tidewater Inc. $TDW

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its position in shares of Tidewater Inc. (NYSE:TDW) by 75.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,727 shares of the oil and gas company’s stock after selling 30,273 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Tidewater were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Tidewater by 69.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,904,826 shares of the oil and gas company’s stock worth $165,058,000 after buying an additional 1,598,513 shares in the last quarter. Robotti Robert lifted its holdings in shares of Tidewater by 8.5% during the 1st quarter. Robotti Robert now owns 2,856,631 shares of the oil and gas company’s stock worth $120,750,000 after acquiring an additional 223,651 shares during the period. Third Avenue Management LLC lifted its holdings in shares of Tidewater by 37.6% during the 1st quarter. Third Avenue Management LLC now owns 809,258 shares of the oil and gas company’s stock worth $34,207,000 after acquiring an additional 221,079 shares during the period. Hosking Partners LLP boosted its position in shares of Tidewater by 81.0% during the 1st quarter. Hosking Partners LLP now owns 394,257 shares of the oil and gas company’s stock valued at $16,665,000 after acquiring an additional 176,494 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Tidewater by 4.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 336,282 shares of the oil and gas company’s stock valued at $14,215,000 after acquiring an additional 14,295 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Tidewater Trading Down 4.1%

TDW stock opened at $49.33 on Monday. The business has a fifty day moving average price of $55.28 and a 200 day moving average price of $48.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.04. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $65.76. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.78 and a beta of 1.05.

Tidewater (NYSE:TDW) last announced its earnings results on Monday, August 4th. The oil and gas company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.28 by $0.95. Tidewater had a return on equity of 16.74% and a net margin of 14.62%.The company had revenue of $341.43 million for the quarter, compared to analysts’ expectations of $317.28 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Tidewater has set its FY 2025 guidance at EPS. Analysts expect that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Tidewater announced that its board has approved a stock buyback plan on Monday, August 4th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to repurchase up to 21.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have commented on TDW shares. Zacks Research cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Friday. BTIG Research cut Tidewater from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Fearnley Fonds upgraded Tidewater to a “hold” rating in a research note on Tuesday, September 16th. Finally, Evercore ISI boosted their target price on shares of Tidewater from $60.00 to $67.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.00.

Insiders Place Their Bets

In other Tidewater news, EVP Daniel A. Hudson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $57.56, for a total value of $575,600.00. Following the completion of the sale, the executive vice president owned 75,986 shares in the company, valued at approximately $4,373,754.16. This trade represents a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.60% of the company’s stock.

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.