304,673 Shares in W&T Offshore, Inc. $WTI Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 304,673 shares of W&T Offshore, Inc. for approximately $472,000, representing about 0.21% of the company's ownership.
• W&T Offshore reported a quarterly loss of ($0.08) earnings per share, surpassing estimates, and had a revenue of $122.37 million for the quarter.
• The company declared a quarterly dividend of $0.01 per share, with a dividend yield of 2.2%.

Nuveen LLC acquired a new position in W&T Offshore, Inc. (NYSE:WTI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 304,673 shares of the oil and gas company's stock, valued at approximately $472,000. Nuveen LLC owned about 0.21% of W&T Offshore at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in shares of W&T Offshore by 427.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company's stock worth $6,360,000 after purchasing an additional 3,104,484 shares during the last quarter. Millennium Management LLC grew its stake in shares of W&T Offshore by 31.2% in the 4th quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company's stock worth $4,105,000 after purchasing an additional 588,106 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of W&T Offshore in the 4th quarter worth approximately $1,608,000. Northern Trust Corp grew its stake in shares of W&T Offshore by 6.0% in the 4th quarter. Northern Trust Corp now owns 963,386 shares of the oil and gas company's stock worth $1,599,000 after purchasing an additional 54,409 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of W&T Offshore by 142.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 839,446 shares of the oil and gas company's stock worth $1,301,000 after purchasing an additional 493,692 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company's stock.

W&T Offshore Stock Down 3.6%

Shares of W&T Offshore stock traded down $0.07 during trading on Friday, hitting $1.76. The stock had a trading volume of 934,315 shares, compared to its average volume of 914,194. The stock has a 50 day simple moving average of $1.76 and a 200 day simple moving average of $1.60. The company has a market capitalization of $260.34 million, a PE ratio of -2.31 and a beta of 0.73. W&T Offshore, Inc. has a 1 year low of $1.09 and a 1 year high of $2.84.

W&T Offshore (NYSE:WTI - Get Free Report) last released its earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. The firm had revenue of $122.37 million during the quarter, compared to analysts' expectations of $131.30 million. As a group, equities analysts expect that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal year.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 18th. W&T Offshore's dividend payout ratio (DPR) is currently -5.26%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WTI shares. Wall Street Zen cut shares of W&T Offshore from a "hold" rating to a "sell" rating in a research note on Saturday. Pareto Securities started coverage on shares of W&T Offshore in a research note on Thursday. They issued a "buy" rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

W&T Offshore Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.