Russell Investments Group Ltd. Has $1.92 Million Position in W&T Offshore, Inc. (NYSE:WTI)

Russell Investments Group Ltd. cut its stake in W&T Offshore, Inc. (NYSE:WTI) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,154,619 shares of the oil and gas company’s stock after selling 28,004 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.78% of W&T Offshore worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Huber Capital Management LLC lifted its holdings in shares of W&T Offshore by 10.6% during the 4th 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 buying an additional 483,954 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 368,803 shares in the last quarter. Inspire Advisors LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth $182,000. Barclays PLC raised its holdings in shares of W&T Offshore by 317.3% during the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 107,045 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of W&T Offshore in the 4th quarter valued at $111,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Analysts Set New Price Targets

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 W&T Offshore stock opened at $1.19 on Friday. W&T Offshore, Inc. has a 1-year low of $1.09 and a 1-year high of $2.84. The firm has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.75. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. The stock has a market capitalization of $174.95 million, a price-to-earnings ratio of -2.76 and a beta of 0.94.

W&T Offshore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.04 annualized dividend and a yield of 3.38%. W&T Offshore’s payout ratio is -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.