Robert Robotti Increases Stake in Tidewater Inc.

Robotti purchased 1,760 shares of Tidewater Inc., enhancing his position in the company.

Written by EarningsIQ · Published Jun 18, 2026, 6:02 PM EDT

Key Points

Robert Robotti bought 1,760 shares of Tidewater Inc. at $70.99 each, totaling $124,942.40 on June 16, 2026.
Tidewater Inc. trades on the NYSE under the ticker TDW, with a market cap of about $3.37 billion and a P/E ratio of 11.42.
BlackRock increased its Tidewater holdings by 344,250 shares, while Neuberger Berman Group reduced its stake by 437,555 shares.

Robert Robotti recently expanded his stake in Tidewater Inc. (NYSE:TDW) by purchasing 1,760 shares on June 16, 2026. The shares were bought at an average price of $70.99 each, amounting to a total transaction value of $124,942.40.

What Changed in Robert Robotti's Tidewater Inc. Position

Robotti's recent purchase adds to his holdings in Tidewater, although his overall position saw a slight decrease earlier in the year. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in Tidewater Inc.

In other institutional moves, BlackRock, Inc. increased its holdings in Tidewater by 344,250 shares, ending with a total of 7,244,738 shares valued at approximately $605.3 million. Neuberger Berman Group LLC, on the other hand, reduced its stake by 437,555 shares, bringing its total to 3,271,371 shares worth about $273.3 million. Similarly, Price T Rowe Associates Inc. cut its position by 1,146,858 shares, now holding 3,207,302 shares valued at $267.97 million. Vanguard Portfolio Management LLC made a new investment, acquiring 2,626,645 shares valued at $219.46 million.

Tidewater Inc. Stock Snapshot

Shares of Tidewater Inc. are currently trading around $67.71. The company, with a market cap of approximately $3.37 billion, has a P/E ratio of 11.42 and a forward P/E of 10.80. Tidewater's stock has experienced a 52-week low of $44.11 and a high of $93.13. The stock's 50-day moving average is $81.03, while the 200-day moving average stands at $66.08. The company has a current ratio of 3.33 and a quick ratio of 3.16, with a debt-to-equity ratio of 45.45.

Recent Earnings

Tidewater Inc. reported revenue of $1.35 billion, though it faced a revenue decline of 43.1%. The company achieved a net margin of 22.16% and a return on equity of 24.01%. The next earnings report is expected on August 3, 2026.

Insider Buying and Selling at Tidewater Inc.

In addition to Robotti's purchase, there have been other insider transactions at Tidewater. On June 12, 2026, Robotti sold 16,932 shares, and on April 1, 2026, he bought 374 shares at $83.44. Melissa Cougle also purchased 374 shares on the same day. Earlier this year, Daniel Hudson and Quintin Kneen, senior executives at Tidewater, sold 4,123 and 14,193 shares, respectively, at $72.48 each on March 23, 2026.

Analysts Set New Price Targets

On May 8, 2026, Barclays maintained its hold rating on Tidewater Inc., setting a price target of $86. Evercore ISI Group also maintained a hold rating with a target price of $94 on March 4, 2026. The consensus recommendation for Tidewater is a hold, with an average price target of $86.57 among seven analysts.

About Tidewater Inc.

Tidewater Inc. provides offshore support vessels and marine support services to the offshore energy industry. The company operates a fleet of vessels worldwide, supporting offshore oil and gas exploration, field development, and windfarm construction. Headquartered in Houston, Texas, Tidewater is led by CEO Quintin V. Kneen and employs approximately 7,300 people.

Bottom Line

Robert Robotti's recent acquisition of shares in Tidewater Inc. highlights continued interest in the company. As a key player in the offshore energy sector, Tidewater's stock is closely watched by investors. This insider transaction, along with other institutional activities, provides insight into market sentiment surrounding the company.