304,673 Shares in W&T Offshore, Inc. $WTI Bought by Nuveen LLC

Nuveen LLC bought a new position in shares of W&T Offshore, Inc. (NYSE:WTI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 304,673 shares of the oil and gas company’s stock, valued at approximately $472,000. Nuveen LLC owned about 0.21% of W&T Offshore at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of W&T Offshore by 137.4% during the 4th quarter. Bank of America Corp DE now owns 246,893 shares of the oil and gas company’s stock worth $410,000 after buying an additional 142,899 shares during the period. Rhumbline Advisers raised its position in shares of W&T Offshore by 24.5% in the 1st quarter. Rhumbline Advisers now owns 299,473 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 59,012 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of W&T Offshore by 427.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company’s stock valued at $6,360,000 after buying an additional 3,104,484 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of W&T Offshore by 142.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 839,446 shares of the oil and gas company’s stock valued at $1,301,000 after buying an additional 493,692 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in 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. 42.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Pareto Securities started coverage on W&T Offshore in a research note on Thursday. They issued a “buy” rating for the company. Wall Street Zen raised shares of W&T Offshore from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

W&T Offshore Stock Performance

Shares of W&T Offshore stock opened at $1.82 on Friday. The stock has a market capitalization of $269.24 million, a P/E ratio of -2.39 and a beta of 0.73. The stock’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $1.60. W&T Offshore, Inc. has a 52-week low of $1.09 and a 52-week high of $2.84.

W&T Offshore (NYSE:WTI) last posted its earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. The business had revenue of $122.37 million during the quarter, compared to analysts’ expectations of $131.30 million. Equities research analysts forecast that W&T Offshore, Inc. will post -0.45 EPS for the current fiscal year.

W&T Offshore Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.01 per share. The ex-dividend date was Monday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 2.2%. W&T Offshore’s dividend payout ratio is currently -5.26%.

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.