W&T Offshore, Inc. (NYSE:WTI) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of W&T Offshore, Inc. (NYSE:WTI) by 72.3% during the fourth quarter, Holdings Channel reports. The fund owned 20,206 shares of the oil and gas company’s stock after purchasing an additional 8,478 shares during the quarter. SG Americas Securities LLC’s holdings in W&T Offshore were worth $66,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in W&T Offshore by 15.9% in the 4th quarter. Creative Planning now owns 18,228 shares of the oil and gas company’s stock worth $102,000 after buying an additional 2,503 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in W&T Offshore by 17.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 16,602 shares of the oil and gas company’s stock worth $84,000 after buying an additional 2,522 shares during the last quarter. FMR LLC boosted its stake in W&T Offshore by 18.3% in the 1st quarter. FMR LLC now owns 16,581 shares of the oil and gas company’s stock worth $84,000 after buying an additional 2,570 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in W&T Offshore by 5.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,026 shares of the oil and gas company’s stock worth $296,000 after buying an additional 2,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in W&T Offshore by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 383,361 shares of the oil and gas company’s stock worth $1,947,000 after buying an additional 3,013 shares during the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

W&T Offshore Stock Performance

W&T Offshore stock opened at $2.41 on Friday. The stock’s 50-day moving average is $2.73 and its 200-day moving average is $3.19. The company has a market cap of $353.93 million, a price-to-earnings ratio of 24.10 and a beta of 1.52. The company has a debt-to-equity ratio of 11.58, a current ratio of 1.22 and a quick ratio of 1.22. W&T Offshore, Inc. has a 12 month low of $2.37 and a 12 month high of $4.64.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Tuesday, March 5th. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The firm had revenue of $132.30 million during the quarter, compared to analysts’ expectations of $138.23 million. W&T Offshore had a negative return on equity of 71.70% and a net margin of 2.93%. The business’s revenue for the quarter was down 30.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. Equities analysts anticipate that W&T Offshore, Inc. will post -0.05 earnings per share for the current year.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 18th were issued a $0.01 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.66%. W&T Offshore’s dividend payout ratio (DPR) is 40.00%.

About W&T Offshore

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.