W&T Offshore, Inc. (NYSE:WTI) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 427.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,831,604 shares of the oil and gas company’s stock after purchasing an additional 3,104,484 shares during the quarter. Ameriprise Financial Inc. owned 2.60% of W&T Offshore worth $6,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WTI. Price T Rowe Associates Inc. MD boosted its stake in W&T Offshore by 24.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,829 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,776 shares during the last quarter. Wells Fargo & Company MN boosted its stake in W&T Offshore by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 13,237 shares during the last quarter. Barclays PLC boosted its stake in W&T Offshore by 11.0% during the 4th quarter. Barclays PLC now owns 156,226 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 15,445 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in W&T Offshore during the 4th quarter worth $32,000. Finally, XTX Topco Ltd boosted its stake in W&T Offshore by 27.4% during the 4th quarter. XTX Topco Ltd now owns 89,901 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 19,311 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Stock Performance

Shares of WTI stock opened at $1.38 on Friday. The company’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.60. 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 cap of $203.76 million, a price-to-earnings ratio of -3.21 and a beta of 0.53. W&T Offshore, Inc. has a twelve month low of $1.09 and a twelve month high of $2.84.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. The firm had revenue of $129.87 million for the quarter, compared to analysts’ expectations of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. As a group, equities analysts predict that W&T Offshore, Inc. will post -0.45 earnings per share for the current year.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.04 annualized dividend and a dividend yield of 2.90%. W&T Offshore’s payout ratio is -5.56%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a research note on Saturday.

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.