180 Wealth Advisors LLC Has $404,000 Stock Holdings in Tidewater Inc. $TDW

180 Wealth Advisors LLC grew its position in Tidewater Inc. (NYSE:TDW) by 38.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,760 shares of the oil and gas company’s stock after purchasing an additional 2,438 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Tidewater were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC raised its position in shares of Tidewater by 28.6% in the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Covestor Ltd raised its position in shares of Tidewater by 14.1% in the first quarter. Covestor Ltd now owns 2,075 shares of the oil and gas company’s stock valued at $88,000 after purchasing an additional 256 shares during the period. Signaturefd LLC raised its position in shares of Tidewater by 33.3% in the first quarter. Signaturefd LLC now owns 1,128 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 282 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Tidewater by 1.5% in the first quarter. Illinois Municipal Retirement Fund now owns 27,448 shares of the oil and gas company’s stock valued at $1,160,000 after purchasing an additional 405 shares during the period. Finally, CWM LLC raised its position in shares of Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 422 shares during the period. Institutional investors own 95.13% of the company’s stock.

Insider Activity at Tidewater

In other news, EVP Daniel A. Hudson sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $57.56, for a total value of $575,600.00. Following the sale, the executive vice president owned 75,986 shares in the company, valued at approximately $4,373,754.16. The trade was a 11.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.60% of the company’s stock.

Tidewater Trading Down 4.1%

Shares of Tidewater stock opened at $49.33 on Friday. The firm has a market capitalization of $2.44 billion, a PE ratio of 12.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.04. The company’s fifty day moving average price is $55.28 and its two-hundred day moving average price is $48.41. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $65.76.

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

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

Wall Street Analyst Weigh In

TDW has been the topic of a number of recent analyst reports. Dnb Nor Markets lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Fearnley Fonds raised shares of Tidewater to a “hold” rating in a research report on Tuesday, September 16th. Zacks Research lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research report on Friday. Finally, BTIG Research lowered shares of Tidewater from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tidewater currently has a consensus rating of “Hold” and a consensus price target of $69.00.

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.