MetLife Investment Advisors LLC decreased its holdings in shares of Tidewater Inc. (NYSE:TDW) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,300 shares of the oil and gas company’s stock after selling 6,232 shares during the period. MetLife Investment Advisors LLC’s holdings in Tidewater were worth $216,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TDW. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tidewater by 98.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,910 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 946 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Tidewater during the fourth quarter valued at about $46,000. Pearl River Capital LLC purchased a new stake in Tidewater during the fourth quarter valued at about $55,000. Contravisory Investment Management Inc. purchased a new stake in Tidewater during the fourth quarter valued at about $79,000. Finally, Great West Life Assurance Co. Can raised its position in Tidewater by 110.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,542 shares of the oil and gas company’s stock valued at $84,000 after purchasing an additional 2,380 shares in the last quarter. 83.86% of the stock is owned by institutional investors.
Separately, ValuEngine upgraded Tidewater from a “hold” rating to a “buy” rating in a research report on Monday, April 1st.
NYSE TDW opened at $23.43 on Friday. Tidewater Inc. has a twelve month low of $18.36 and a twelve month high of $36.09. The company has a current ratio of 4.32, a quick ratio of 4.13 and a debt-to-equity ratio of 0.38. The stock has a market cap of $873.71 million, a price-to-earnings ratio of -3.63 and a beta of 1.59.
Tidewater (NYSE:TDW) last released its quarterly earnings results on Thursday, February 28th. The oil and gas company reported ($2.83) earnings per share for the quarter. The firm had revenue of $110.23 million for the quarter, compared to analysts’ expectations of $103.20 million. Tidewater had a negative net margin of 42.19% and a negative return on equity of 14.53%. On average, analysts predict that Tidewater Inc. will post -2.87 EPS for the current fiscal year.
In other news, CAO Samuel R. Rubio sold 3,876 shares of Tidewater stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $23.34, for a total value of $90,465.84. Following the transaction, the chief accounting officer now owns 32,783 shares in the company, valued at $765,155.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.
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Tidewater Inc provides offshore service 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 exploration, field development, and production, 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
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