Deprince Race & Zollo Inc. Boosts Position in W&T Offshore, Inc. $WTI

Deprince Race & Zollo Inc. lifted its stake in shares of W&T Offshore, Inc. (NYSE:WTI) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,502,907 shares of the oil and gas company’s stock after acquiring an additional 206,810 shares during the period. Deprince Race & Zollo Inc. owned 1.01% of W&T Offshore worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. AXQ Capital LP purchased a new position in shares of W&T Offshore during the 3rd quarter worth $28,000. Oxford Asset Management LLP purchased a new position in shares of W&T Offshore during the 2nd quarter worth $29,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of W&T Offshore during the 3rd quarter worth $30,000. HBK Sorce Advisory LLC purchased a new position in shares of W&T Offshore during the 3rd quarter worth $30,000. Finally, CWM LLC raised its holdings in shares of W&T Offshore by 181.6% during the 3rd quarter. CWM LLC now owns 16,908 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 10,904 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research report on Wednesday, January 21st. Zacks Research downgraded W&T Offshore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, W&T Offshore presently has a consensus rating of “Hold”.

W&T Offshore Stock Performance

NYSE WTI opened at $3.04 on Tuesday. The firm has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $2.23. W&T Offshore, Inc. has a one year low of $1.11 and a one year high of $4.04. The firm has a market cap of $451.55 million, a price-to-earnings ratio of -3.00 and a beta of 0.09.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings data on Monday, March 16th. The oil and gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The firm had revenue of $121.71 million during the quarter, compared to analyst estimates of $115.36 million. Equities analysts predict that W&T Offshore, Inc. will post -0.45 EPS for the current fiscal year.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 19th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. W&T Offshore’s payout ratio is currently -3.96%.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.