W&T Offshore, Inc. $WTI Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in W&T Offshore, Inc. by 142.8% during Q1, now owning 839,446 shares worth approximately $1.3 million.
• W&T Offshore reported an earnings per share (EPS) of ($0.08), exceeding analysts' expectations, along with revenue of $122.37 million for the recent quarter.
• The company recently announced a quarterly dividend of $0.01 per share, resulting in an annualized dividend yield of 2.2%.

Charles Schwab Investment Management Inc. boosted its position in W&T Offshore, Inc. (NYSE:WTI - Free Report) by 142.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839,446 shares of the oil and gas company's stock after buying an additional 493,692 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.57% of W&T Offshore worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WTI. Raymond James Financial Inc. acquired a new position in W&T Offshore in the 4th quarter worth $32,000. Ethic Inc. acquired a new position in W&T Offshore in the 4th quarter worth $36,000. Boothbay Fund Management LLC acquired a new position in W&T Offshore in the 4th quarter worth $41,000. Price T Rowe Associates Inc. MD lifted its holdings in W&T Offshore by 24.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,829 shares of the oil and gas company's stock worth $67,000 after buying an additional 7,776 shares in the last quarter. Finally, R Squared Ltd lifted its holdings in W&T Offshore by 48.6% in the 1st quarter. R Squared Ltd now owns 48,500 shares of the oil and gas company's stock worth $75,000 after buying an additional 15,870 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company's stock.

W&T Offshore Stock Performance

Shares of W&T Offshore stock opened at $1.82 on Tuesday. The firm has a market cap of $269.24 million, a PE ratio of -2.39 and a beta of 0.73. The firm's 50-day simple moving average is $1.75 and its 200-day simple moving average is $1.59. 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 issued its earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. The company had revenue of $122.37 million during the quarter, compared to analyst estimates of $131.30 million. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 18th. W&T Offshore's dividend payout ratio is currently -5.26%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of W&T Offshore from a "sell" rating to a "hold" rating in a report on Friday, August 22nd.

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.

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