39,538 Shares in W&T Offshore, Inc. (NYSE:WTI) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in W&T Offshore, Inc. (NYSE:WTI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,538 shares of the oil and gas company’s stock, valued at approximately $66,000.

Several other hedge funds also recently made changes to their positions in WTI. Raymond James Financial Inc. purchased a new stake in shares of W&T Offshore in the 4th quarter valued at about $32,000. US Bancorp DE purchased a new stake in W&T Offshore in the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in W&T Offshore in the fourth quarter valued at approximately $54,000. Intech Investment Management LLC acquired a new stake in shares of W&T Offshore in the third quarter valued at approximately $64,000. Finally, FMR LLC grew its position in shares of W&T Offshore by 72.1% during the third quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 15,852 shares during the last quarter. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.

W&T Offshore Stock Down 1.0 %

Shares of NYSE:WTI opened at $1.56 on Tuesday. W&T Offshore, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $2.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The firm’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $1.85. The company has a market cap of $230.90 million, a price-to-earnings ratio of -3.64 and a beta of 1.14.

W&T Offshore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, March 17th. W&T Offshore’s dividend payout ratio is presently -6.78%.

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.