Renaissance Technologies LLC Reduces Holdings in W&T Offshore, Inc. (NYSE:WTI)

Renaissance Technologies LLC lessened its holdings in W&T Offshore, Inc. (NYSE:WTI - Free Report) by 48.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,133 shares of the oil and gas company's stock after selling 301,300 shares during the quarter. Renaissance Technologies LLC owned 0.22% of W&T Offshore worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Huber Capital Management LLC increased its position in shares of W&T Offshore by 10.6% in the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock valued at $8,384,000 after acquiring an additional 483,954 shares during the period. Geode Capital Management LLC increased its holdings in shares of W&T Offshore by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company's stock valued at $4,616,000 after acquiring an additional 52,186 shares in the last quarter. Quantbot Technologies LP purchased a new position in W&T Offshore in the fourth quarter worth about $111,000. Bank of New York Mellon Corp raised its stake in shares of W&T Offshore by 41.3% in 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 last quarter. Finally, Barclays PLC raised its position in W&T Offshore by 317.3% in 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. 42.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut W&T Offshore from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th.

W&T Offshore Price Performance

Shares of WTI stock traded up $0.01 on Tuesday, reaching $1.16. The company's stock had a trading volume of 1,019,645 shares, compared to its average volume of 1,685,972. The stock's fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.66. 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 1 year low of $1.09 and a 1 year high of $2.84. The company has a market capitalization of $171.26 million, a price-to-earnings ratio of -2.70 and a beta of 0.53.

W&T Offshore (NYSE:WTI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 775.16% and a negative net margin of 11.95%. Analysts forecast that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.45%. W&T Offshore's payout ratio is currently -6.78%.

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.