Thrivent Financial for Lutherans Sells 716 Shares of Tidewater Inc. (NYSE:TDW)

Thrivent Financial for Lutherans lessened its position in Tidewater Inc. (NYSE:TDW) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,208 shares of the oil and gas company’s stock after selling 716 shares during the period. Thrivent Financial for Lutherans’ holdings in Tidewater were worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TDW. Tidal Investments LLC raised its holdings in Tidewater by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 267 shares during the last quarter. Glenmede Trust Co. NA increased its position in Tidewater by 3.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 321 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 333 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Tidewater by 2.3% during the fourth quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock worth $961,000 after purchasing an additional 402 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Tidewater by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 463 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. DNB Markets initiated coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. Evercore ISI downgraded Tidewater from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Insider Activity

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 8.33% of the stock is owned by company insiders.

Tidewater Stock Performance

Shares of TDW opened at $43.41 on Friday. 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 firm’s fifty day simple moving average is $48.75 and its two-hundred day simple moving average is $55.57. Tidewater Inc. has a 12 month low of $38.65 and a 12 month high of $111.42. The stock has a market capitalization of $2.23 billion, a P/E ratio of 12.77 and a beta of 1.06.

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.