Signaturefd LLC Purchases 7,557 Shares of W&T Offshore, Inc. (NYSE:WTI)

Signaturefd LLC lifted its position in W&T Offshore, Inc. (NYSE:WTI) by 907.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,390 shares of the oil and gas company’s stock after buying an additional 7,557 shares during the quarter. Signaturefd LLC’s holdings in W&T Offshore were worth $27,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WTI. HighTower Advisors LLC lifted its holdings in W&T Offshore by 140.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,988,620 shares of the oil and gas company’s stock worth $8,691,000 after purchasing an additional 1,162,340 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in W&T Offshore in the 3rd quarter worth approximately $3,870,000. SG Americas Securities LLC lifted its holdings in W&T Offshore by 72.3% in the 4th quarter. SG Americas Securities LLC now owns 20,206 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 8,478 shares during the last quarter. Deutsche Bank AG lifted its holdings in W&T Offshore by 8.7% in the 3rd quarter. Deutsche Bank AG now owns 114,419 shares of the oil and gas company’s stock worth $501,000 after purchasing an additional 9,146 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in W&T Offshore in the 4th quarter worth approximately $63,000. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Stock Up 2.2 %

Shares of WTI stock opened at $2.33 on Friday. W&T Offshore, Inc. has a 12 month low of $2.19 and a 12 month high of $4.54. The firm has a market cap of $342.18 million, a PE ratio of 23.30 and a beta of 1.56. The stock has a 50 day moving average of $2.59 and a 200-day moving average of $3.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 11.58.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings results 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). W&T Offshore had a negative return on equity of 71.70% and a net margin of 2.93%. The business had revenue of $132.30 million for the quarter, compared to analyst estimates of $138.23 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was down 30.3% compared to the same quarter last year. On average, equities analysts predict that W&T Offshore, Inc. will post -0.12 EPS for the current year.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 18th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.72%. W&T Offshore’s payout ratio is 40.00%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price target on W&T Offshore from $7.50 to $7.80 and gave the stock a “buy” rating in a report on Tuesday, April 23rd.

W&T Offshore Company 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.