Renaissance Technologies LLC reduced its position in shares of W&T Offshore, Inc. (NYSE:WTI - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,133 shares of the oil and gas company's stock after selling 301,300 shares during the period. Renaissance Technologies LLC owned 0.22% of W&T Offshore worth $531,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of WTI. Huber Capital Management LLC lifted its position 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 worth $8,384,000 after purchasing an additional 483,954 shares during the last quarter. 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. Inspire Advisors LLC purchased a new position in W&T Offshore in the 4th quarter valued at $182,000. Barclays PLC raised its position in 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 buying an additional 107,045 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of W&T Offshore in the 4th quarter worth $111,000. 42.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised W&T Offshore from a "sell" rating to a "hold" rating in a report on Thursday.
Check Out Our Latest Stock Analysis on W&T Offshore
W&T Offshore Price Performance
NYSE:WTI traded up $0.04 during mid-day trading on Friday, hitting $1.39. 732,270 shares of the company's stock traded hands, compared to its average volume of 1,690,406. 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 company has a market cap of $204.48 million, a PE ratio of -3.22 and a beta of 0.53. The firm's 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.65. 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 quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 775.16% and a negative net margin of 11.95%. Sell-side analysts expect that W&T Offshore, Inc. will post -0.45 EPS for the current year.
W&T Offshore Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.04 annualized dividend and a dividend yield of 2.89%. W&T Offshore's payout ratio is -6.78%.
About W&T Offshore
(
Free Report)
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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