Sagil Capital LLP Invests $6.57 Million in Tidewater Inc. (NYSE:TDW)

Sagil Capital LLP acquired a new position in shares of Tidewater Inc. (NYSE:TDW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 120,000 shares of the oil and gas company’s stock, valued at approximately $6,565,000. Tidewater makes up approximately 3.0% of Sagil Capital LLP’s investment portfolio, making the stock its 6th largest position. Sagil Capital LLP owned about 0.23% of Tidewater as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of Tidewater during the fourth quarter valued at approximately $33,000. AlphaQuest LLC boosted its holdings in shares of Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 511 shares during the last quarter. Quarry LP increased its stake in Tidewater by 187.6% during the third quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 333 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Tidewater during the 3rd quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Stock Up 2.3 %

Shares of NYSE TDW opened at $44.50 on Thursday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 13.09 and a beta of 1.06. Tidewater Inc. has a 1 year low of $38.65 and a 1 year high of $111.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The stock’s 50-day simple moving average is $49.23 and its 200-day simple moving average is $55.86.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TDW. Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. Finally, DNB Markets began coverage on Tidewater in a research note on Friday, November 29th. They issued a “buy” rating and a $70.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.50.

Insider Transactions at Tidewater

In related news, Director Robert Robotti acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.33% of the company’s stock.

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.