Jane Street Group LLC Sells 323,927 Shares of W&T Offshore, Inc. (NYSE:WTI)

Jane Street Group LLC lowered its stake in W&T Offshore, Inc. (NYSE:WTI - Free Report) by 90.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,068 shares of the oil and gas company's stock after selling 323,927 shares during the quarter. Jane Street Group LLC's holdings in W&T Offshore were worth $58,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Huber Capital Management LLC boosted its stake in shares of W&T Offshore by 10.6% during the 4th quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock valued at $8,384,000 after purchasing an additional 483,954 shares in the last quarter. First Trust Advisors LP grew its position in shares of W&T Offshore by 86.0% in the 4th quarter. First Trust Advisors LP now owns 974,242 shares of the oil and gas company's stock worth $1,617,000 after buying an additional 450,467 shares during the period. Bank of New York Mellon Corp grew its position in shares of W&T Offshore by 41.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock worth $2,096,000 after buying an additional 368,803 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of W&T Offshore in the 4th quarter worth about $207,000. Finally, Inspire Advisors LLC purchased a new position in W&T Offshore during the 4th quarter valued at about $182,000. Hedge funds and other institutional investors own 42.88% of the company's stock.

W&T Offshore Stock Up 3.5%

Shares of W&T Offshore stock traded up $0.07 during midday trading on Thursday, hitting $1.94. The company had a trading volume of 2,075,236 shares, compared to its average volume of 1,669,181. W&T Offshore, Inc. has a 52-week low of $1.09 and a 52-week high of $2.84. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $285.71 million, a P/E ratio of -4.50 and a beta of 0.65. The company has a 50 day moving average of $1.35 and a 200 day moving average of $1.55.

W&T Offshore (NYSE:WTI - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%. The firm had revenue of $129.87 million for the quarter, compared to analysts' expectations of $123.91 million. On average, equities analysts predict that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal year.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, May 20th. W&T Offshore's dividend payout ratio (DPR) is -5.56%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

About W&T Offshore

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.