Mariner LLC Increases Holdings in W&T Offshore, Inc. (NYSE:WTI)

Mariner LLC boosted its position in W&T Offshore, Inc. (NYSE:WTI) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,667 shares of the oil and gas company’s stock after buying an additional 57,595 shares during the period. Mariner LLC owned approximately 0.15% of W&T Offshore worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WTI. Barclays PLC lifted its stake in 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 acquiring an additional 107,045 shares during the period. Geode Capital Management LLC lifted its position in W&T Offshore by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock valued at $4,616,000 after purchasing an additional 52,186 shares during the period. Exchange Traded Concepts LLC boosted its holdings in W&T Offshore by 34.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 197,384 shares of the oil and gas company’s stock valued at $328,000 after purchasing an additional 50,639 shares during the last quarter. R Squared Ltd purchased a new stake in W&T Offshore in the fourth quarter valued at $54,000. Finally, Bank of New York Mellon Corp grew its position in W&T Offshore by 41.3% during the 4th 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 purchasing an additional 368,803 shares during the period. Institutional investors and hedge funds own 42.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded W&T Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.

W&T Offshore Price Performance

Shares of NYSE WTI opened at $1.20 on Friday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $176.43 million, a price-to-earnings ratio of -2.78 and a beta of 0.94. The firm’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.67. W&T Offshore, Inc. has a 12 month low of $1.09 and a 12 month high of $2.84.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given 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 3.35%. W&T Offshore’s dividend payout ratio is presently -6.78%.

W&T Offshore Profile

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.