Vanguard Group Inc. Sells 268,765 Shares of W&T Offshore, Inc. (NYSE:WTI)

Vanguard Group Inc. reduced its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,983,862 shares of the oil and gas company’s stock after selling 268,765 shares during the quarter. Vanguard Group Inc.’s holdings in W&T Offshore were worth $26,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of W&T Offshore during the 1st quarter worth $33,000. Walleye Capital LLC acquired a new position in W&T Offshore during the 2nd quarter valued at $43,000. PEAK6 Investments LLC acquired a new position in W&T Offshore during the 1st quarter valued at $45,000. Tower Research Capital LLC TRC raised its stake in W&T Offshore by 243.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,663 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 7,557 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in W&T Offshore during the 3rd quarter valued at $51,000. 42.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their target price on shares of W&T Offshore from $7.60 to $7.90 and gave the company a “buy” rating in a research note on Tuesday, January 23rd.

W&T Offshore Trading Up 1.0 %

Shares of WTI stock opened at $2.61 on Friday. W&T Offshore, Inc. has a 52-week low of $2.45 and a 52-week high of $5.36. The stock has a market cap of $382.57 million, a price-to-earnings ratio of 26.05 and a beta of 1.52. The company has a debt-to-equity ratio of 11.58, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $2.76 and a 200-day moving average of $3.26.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings data on Tuesday, March 5th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). W&T Offshore had a net margin of 2.93% and a negative return on equity of 71.70%. The business had revenue of $132.30 million during the quarter, compared to analyst estimates of $138.23 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was down 30.3% compared to the same quarter last year. On average, equities research analysts forecast that W&T Offshore, Inc. will post 0.07 earnings per share for the current fiscal year.

W&T Offshore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, March 15th. W&T Offshore’s dividend payout ratio is 40.00%.

W&T Offshore Profile

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.