65,581 Shares in W&T Offshore, Inc. (NYSE:WTI) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new position in shares of W&T Offshore, Inc. (NYSE:WTIFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 65,581 shares of the oil and gas company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RPO LLC bought a new position in W&T Offshore during the fourth quarter worth about $81,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of W&T Offshore during the fourth quarter worth approximately $382,000. Quadrant Capital Group LLC boosted its holdings in shares of W&T Offshore by 131.6% during the fourth quarter. Quadrant Capital Group LLC now owns 15,607 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 8,869 shares during the period. Jump Financial LLC bought a new stake in shares of W&T Offshore during the fourth quarter worth approximately $758,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of W&T Offshore by 81.2% during the fourth quarter. BNP Paribas Financial Markets now owns 262,124 shares of the oil and gas company’s stock worth $855,000 after acquiring an additional 117,462 shares during the period. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Trading Down 2.7 %

Shares of NYSE:WTI opened at $2.17 on Tuesday. W&T Offshore, Inc. has a 12-month low of $2.11 and a 12-month high of $4.51. The business has a 50 day moving average of $2.42 and a 200-day moving average of $2.81. The company has a debt-to-equity ratio of 18.51, a quick ratio of 1.08 and a current ratio of 1.08.

W&T Offshore (NYSE:WTIGet Free Report) last issued its quarterly earnings results on Friday, May 10th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $140.79 million during the quarter, compared to the consensus estimate of $138.96 million. W&T Offshore had a negative net margin of 4.04% and a negative return on equity of 100.74%. On average, equities analysts predict that W&T Offshore, Inc. will post -0.15 earnings per share for the current year.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 23rd. W&T Offshore’s dividend payout ratio (DPR) is currently -26.66%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on WTI

About W&T Offshore

(Free Report)

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.

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Institutional Ownership by Quarter for W&T Offshore (NYSE:WTI)

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