Rpo LLC Makes New $81,000 Investment in W&T Offshore, Inc. (NYSE:WTI)

Rpo LLC bought a new position in shares of W&T Offshore, Inc. (NYSE:WTIFree Report) in the 4th quarter, HoldingsChannel reports. The fund bought 24,773 shares of the oil and gas company’s stock, valued at approximately $81,000.

Several other hedge funds also recently bought and sold shares of WTI. Bank of New York Mellon Corp boosted its stake in W&T Offshore by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 710,301 shares of the oil and gas company’s stock worth $3,111,000 after buying an additional 15,987 shares during the period. New York State Common Retirement Fund lifted its position in shares of W&T Offshore by 15.7% during the third quarter. New York State Common Retirement Fund now owns 117,467 shares of the oil and gas company’s stock worth $515,000 after purchasing an additional 15,954 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of W&T Offshore by 140.7% during the third quarter. HighTower Advisors LLC now owns 1,988,620 shares of the oil and gas company’s stock worth $8,691,000 after purchasing an additional 1,162,340 shares in the last quarter. Deutsche Bank AG lifted its position in shares of W&T Offshore by 8.7% during the third quarter. Deutsche Bank AG now owns 114,419 shares of the oil and gas company’s stock worth $501,000 after purchasing an additional 9,146 shares in the last quarter. Finally, EMC Capital Management acquired a new stake in shares of W&T Offshore during the third quarter worth about $381,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their target price on shares of W&T Offshore from $7.50 to $7.80 and gave the company a “buy” rating in a report on Tuesday, April 23rd.

Check Out Our Latest Stock Analysis on W&T Offshore

W&T Offshore Stock Down 1.8 %

W&T Offshore stock traded down $0.04 during mid-day trading on Wednesday, hitting $2.21. The company had a trading volume of 232,750 shares, compared to its average volume of 2,499,298. The stock has a market cap of $324.56 million, a price-to-earnings ratio of -15.00 and a beta of 1.56. W&T Offshore, Inc. has a 1 year low of $2.17 and a 1 year high of $4.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 18.51. The business has a fifty day moving average of $2.45 and a 200 day moving average of $2.86.

W&T Offshore (NYSE:WTIGet Free Report) last announced its earnings results on Tuesday, March 5th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). W&T Offshore had a negative return on equity of 100.74% and a negative net margin of 4.04%. The business had revenue of $132.30 million for the quarter, compared to analysts’ expectations of $138.23 million. During the same quarter last year, the business posted $0.10 earnings per share. The business’s revenue was down 30.3% on a year-over-year basis. On average, sell-side analysts expect that W&T Offshore, Inc. will post -0.12 earnings per share for the current fiscal year.

W&T Offshore Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, May 23rd. W&T Offshore’s dividend payout ratio (DPR) is presently -26.66%.

W&T Offshore Profile

(Free Report)

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for W&T Offshore (NYSE:WTI)

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