968,552 Shares in W&T Offshore, Inc. (NYSE:WTI) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in shares of W&T Offshore, Inc. (NYSE:WTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 968,552 shares of the oil and gas company's stock, valued at approximately $1,608,000. Jacobs Levy Equity Management Inc. owned about 0.66% of W&T Offshore as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WTI. Barclays PLC increased its stake in shares of W&T Offshore by 317.3% during the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 107,045 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of W&T Offshore by 34.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 197,384 shares of the oil and gas company's stock valued at $328,000 after buying an additional 50,639 shares in the last quarter. R Squared Ltd purchased a new stake in shares of W&T Offshore during the fourth quarter worth $54,000. Bank of New York Mellon Corp grew its position in shares of W&T Offshore by 41.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock valued at $2,096,000 after purchasing an additional 368,803 shares in the last quarter. Finally, US Bancorp DE bought a new position in shares of W&T Offshore in the fourth quarter worth $33,000. Institutional investors own 42.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised W&T Offshore from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

W&T Offshore Price Performance

WTI stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.45. 636,093 shares of the stock were exchanged, compared to its average volume of 1,695,350. The stock has a market capitalization of $213.36 million, a price-to-earnings ratio of -3.36 and a beta of 0.53. W&T Offshore, Inc. has a 12 month low of $1.09 and a 12 month high of $2.84. The business has a fifty day moving average price of $1.34 and a 200 day moving average price of $1.61. 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 released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The firm had revenue of $129.87 million for the quarter, compared to analysts' expectations of $123.91 million. On average, sell-side analysts anticipate that W&T Offshore, Inc. will post -0.45 EPS for the current year.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.77%. W&T Offshore's dividend payout ratio (DPR) is -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.