Tidewater Inc. $TDW Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Tidewater Inc. (NYSE:TDW) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,838,769 shares of the oil and gas company’s stock after purchasing an additional 86,084 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Tidewater were worth $153,623,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of Tidewater by 37.3% during the 1st quarter. Parallel Advisors LLC now owns 766 shares of the oil and gas company’s stock worth $64,000 after buying an additional 208 shares in the last quarter. Bessemer Group Inc. boosted its position in Tidewater by 71.0% during the first quarter. Bessemer Group Inc. now owns 97,719 shares of the oil and gas company’s stock worth $8,165,000 after purchasing an additional 40,588 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Tidewater by 6.7% during the first quarter. Bank of New York Mellon Corp now owns 323,869 shares of the oil and gas company’s stock worth $27,059,000 after purchasing an additional 20,472 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Tidewater by 3.4% in the first quarter. Illinois Municipal Retirement Fund now owns 24,418 shares of the oil and gas company’s stock valued at $2,040,000 after purchasing an additional 813 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC acquired a new stake in Tidewater in the first quarter valued at $327,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Stock Down 0.1%

TDW stock opened at $78.46 on Monday. The stock has a market capitalization of $3.90 billion, a P/E ratio of 13.14 and a beta of 0.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.22 and a current ratio of 3.33. Tidewater Inc. has a one year low of $46.65 and a one year high of $93.13. The company has a 50 day moving average price of $73.25 and a two-hundred day moving average price of $74.35.

Tidewater (NYSE:TDW) last released its earnings results on Monday, May 4th. The oil and gas company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.63). The business had revenue of $326.22 million during the quarter, compared to analyst estimates of $322.83 million. Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. As a group, sell-side analysts expect that Tidewater Inc. will post 3.52 EPS for the current year.

Analyst Upgrades and Downgrades

TDW has been the subject of several research reports. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings raised shares of Tidewater from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barclays raised their target price on shares of Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Fearnley Fonds upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Zacks Research downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $89.33.

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.