Villere ST Denis J & Co. LLC Buys 126,441 Shares of Tidewater Inc. (NYSE:TDW)

Villere ST Denis J & Co. LLC grew its stake in shares of Tidewater Inc. (NYSE:TDW) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,808 shares of the oil and gas company’s stock after buying an additional 126,441 shares during the period. Tidewater accounts for about 2.4% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 20th largest position. Villere ST Denis J & Co. LLC owned about 0.93% of Tidewater worth $26,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC bought a new stake in Tidewater in the fourth quarter worth $33,000. GAMMA Investing LLC increased its position in Tidewater by 163.5% in the third quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 435 shares during the last quarter. Quarry LP increased its position in Tidewater by 187.6% in the third quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in Tidewater in the third quarter worth $65,000. Finally, FNY Investment Advisers LLC bought a new stake in Tidewater in the fourth quarter worth $95,000. Institutional investors own 95.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. DNB Markets began coverage on shares of Tidewater in a research note on Friday, November 29th. They set a “buy” rating and a $70.00 price objective for the company. Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Raymond James lowered shares of Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Tidewater presently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Insider Activity

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

Tidewater Stock Up 0.1 %

Shares of TDW opened at $54.46 on Friday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 16.02 and a beta of 1.04. 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 firm has a fifty day moving average price of $53.32 and a 200-day moving average price of $64.26.

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.