Rhumbline Advisers Purchases 59,012 Shares of W&T Offshore, Inc. $WTI

Rhumbline Advisers boosted its position in W&T Offshore, Inc. (NYSE:WTI) by 24.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,473 shares of the oil and gas company’s stock after purchasing an additional 59,012 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of W&T Offshore worth $464,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in W&T Offshore by 137.4% in the fourth quarter. Bank of America Corp DE now owns 246,893 shares of the oil and gas company’s stock worth $410,000 after purchasing an additional 142,899 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in W&T Offshore by 142.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 839,446 shares of the oil and gas company’s stock worth $1,301,000 after purchasing an additional 493,692 shares in the last quarter. Millennium Management LLC raised its holdings in W&T Offshore by 31.2% in the fourth quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company’s stock worth $4,105,000 after purchasing an additional 588,106 shares in the last quarter. Nuveen LLC bought a new position in W&T Offshore in the first quarter worth about $472,000. Finally, Northern Trust Corp raised its holdings in W&T Offshore by 6.0% in the fourth quarter. Northern Trust Corp now owns 963,386 shares of the oil and gas company’s stock worth $1,599,000 after purchasing an additional 54,409 shares in the last quarter. 42.88% of the stock is currently owned by institutional investors.

W&T Offshore Trading Up 3.7%

Shares of NYSE:WTI opened at $1.85 on Wednesday. W&T Offshore, Inc. has a twelve month low of $1.09 and a twelve month high of $2.84. The company’s 50 day moving average is $1.76 and its 200 day moving average is $1.61. The company has a market cap of $273.69 million, a PE ratio of -2.43 and a beta of 0.73.

W&T Offshore (NYSE:WTI) last issued its quarterly 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 analyst estimates of $131.30 million. Equities research analysts predict that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal year.

W&T Offshore Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Pareto Securities assumed coverage on shares of W&T Offshore in a report on Thursday, September 4th. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Sunday, September 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.