US Bancorp DE Makes New Investment in W&T Offshore, Inc. (NYSE:WTI)

US Bancorp DE bought a new stake in shares of W&T Offshore, Inc. (NYSE:WTI) in the fourth quarter, Holdings Channel reports. The fund bought 19,900 shares of the oil and gas company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WTI. Geode Capital Management LLC boosted its position in W&T Offshore by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock worth $4,616,000 after acquiring an additional 52,186 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in W&T Offshore by 41.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company’s stock worth $2,096,000 after purchasing an additional 368,803 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in W&T Offshore by 34.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 197,384 shares of the oil and gas company’s stock worth $328,000 after purchasing an additional 50,639 shares in the last quarter. Barclays PLC boosted its holdings in shares of W&T Offshore by 317.3% during the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock worth $303,000 after purchasing an additional 107,045 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of W&T Offshore by 307.5% in the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 104,156 shares in the last quarter. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Price Performance

W&T Offshore stock opened at $1.59 on Wednesday. The company’s 50 day simple moving average is $1.66 and its 200-day simple moving average is $1.87. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. W&T Offshore, Inc. has a 1 year low of $1.30 and a 1 year high of $2.84. The company has a market capitalization of $234.00 million, a price-to-earnings ratio of -3.69 and a beta of 1.14.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.52%. W&T Offshore’s payout ratio is presently -6.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

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.