Thrivent Financial for Lutherans Has $2.04 Million Stake in Tidewater Inc. (NYSE:TDW)

Thrivent Financial for Lutherans reduced its position in shares of Tidewater Inc. (NYSE:TDW) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,208 shares of the oil and gas company’s stock after selling 716 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Tidewater worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of Tidewater by 1.9% during the 3rd quarter. State Street Corp now owns 1,867,165 shares of the oil and gas company’s stock worth $134,044,000 after buying an additional 35,318 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Tidewater by 42,719.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tidewater by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company’s stock worth $78,473,000 after purchasing an additional 5,713 shares during the period. Van ECK Associates Corp boosted its stake in shares of Tidewater by 17.5% during the 4th quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock worth $45,752,000 after acquiring an additional 124,610 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tidewater by 13.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,793 shares of the oil and gas company’s stock valued at $26,851,000 after purchasing an additional 56,276 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tidewater news, Director Robert Robotti acquired 1,770 shares of Tidewater stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $40.95 per share, with a total value of $72,481.50. Following the completion of the purchase, the director now directly owns 2,183,670 shares of the company’s stock, valued at $89,421,286.50. This represents a 0.08 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.33% of the company’s stock.

Tidewater Stock Performance

NYSE:TDW opened at $43.41 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater Inc. has a fifty-two week low of $38.65 and a fifty-two week high of $111.42. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 12.77 and a beta of 1.06. The stock has a fifty day moving average price of $48.75 and a 200-day moving average price of $55.57.

Analyst Ratings Changes

TDW has been the topic of several research reports. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI downgraded Tidewater from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, DNB Markets began coverage on shares of Tidewater in a research note on Friday, November 29th. They issued a “buy” rating and a $70.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Tidewater 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.