Renaissance Technologies LLC Sells 301,300 Shares of W&T Offshore, Inc. (NYSE:WTI)

Renaissance Technologies LLC cut its holdings in W&T Offshore, Inc. (NYSE:WTI) by 48.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,133 shares of the oil and gas company’s stock after selling 301,300 shares during the period. Renaissance Technologies LLC owned 0.22% of W&T Offshore worth $531,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of W&T Offshore by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 13,237 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of W&T Offshore during the 4th quarter valued at $32,000. US Bancorp DE purchased a new stake in W&T Offshore during the 4th quarter worth about $33,000. EntryPoint Capital LLC boosted its stake in W&T Offshore by 40.6% in the 4th quarter. EntryPoint Capital LLC now owns 72,572 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 20,946 shares during the period. Finally, R Squared Ltd purchased a new position in W&T Offshore during the 4th quarter valued at about $54,000. 42.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

W&T Offshore Stock Up 3.0 %

Shares of NYSE:WTI opened at $1.20 on Friday. The firm has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $1.67. The company has a market cap of $176.43 million, a price-to-earnings ratio of -2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. W&T Offshore, Inc. has a one year low of $1.09 and a one year high of $2.84.

W&T Offshore Announces Dividend

The firm also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Monday, March 17th. W&T Offshore’s dividend payout ratio is -6.78%.

W&T Offshore Company 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.