Two Sigma Advisers LP Reduces Stock Position in W&T Offshore, Inc. (NYSE:WTI)

Two Sigma Advisers LP cut its stake in shares of W&T Offshore, Inc. (NYSE:WTI - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,325,399 shares of the oil and gas company's stock after selling 255,100 shares during the quarter. Two Sigma Advisers LP owned 1.58% of W&T Offshore worth $3,860,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Huber Capital Management LLC lifted its holdings in shares of W&T Offshore by 10.6% during the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock worth $8,384,000 after purchasing an additional 483,954 shares during the period. Quantbot Technologies LP acquired a new stake in shares of W&T Offshore during the fourth quarter worth $111,000. Bank of New York Mellon Corp lifted its holdings in shares of W&T Offshore by 41.3% during the fourth 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 purchasing an additional 368,803 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of W&T Offshore by 427.0% during the fourth 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 period. Finally, Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore during the fourth quarter worth $32,000. 42.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

W&T Offshore Price Performance

Shares of NYSE WTI traded down $0.03 during trading on Friday, hitting $1.49. 314,394 shares of the company were exchanged, compared to its average volume of 1,446,314. The company has a market cap of $219.26 million, a price-to-earnings ratio of -3.45 and a beta of 0.53. W&T Offshore, Inc. has a 1 year low of $1.09 and a 1 year high of $2.84. The firm's fifty day moving average price is $1.32 and its 200 day moving average price is $1.57. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

W&T Offshore (NYSE:WTI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. The company had revenue of $129.87 million for the quarter, compared to analyst estimates of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.04 annualized dividend and a dividend yield of 2.69%. W&T Offshore's payout ratio is currently -5.56%.

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.