Two Sigma Advisers LP Sells 255,100 Shares of W&T Offshore, Inc. (NYSE:WTI)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Huber Capital Management LLC boosted its position 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 buying an additional 483,954 shares during the period. Quantbot Technologies LP acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $111,000. Bank of New York Mellon Corp boosted its position 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 buying an additional 368,803 shares during the period. Ameriprise Financial Inc. boosted its position 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 buying an additional 3,104,484 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $32,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut W&T Offshore from a "hold" rating to a "sell" rating in a report on Saturday.

W&T Offshore Stock Up 3.1%

NYSE:WTI traded up $0.05 during trading hours on Wednesday, hitting $1.50. 1,137,936 shares of the stock traded hands, compared to its average volume of 1,693,536. The firm has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore, Inc. has a fifty-two week low of $1.09 and a fifty-two week high of $2.84. The firm has a market cap of $220.74 million, a price-to-earnings ratio of -3.48 and a beta of 0.53.

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

W&T Offshore Dividend Announcement

The firm 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. This represents a $0.04 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, May 20th. W&T Offshore's payout ratio is -5.56%.

W&T Offshore Company 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.