Barclays PLC Boosts Position in W&T Offshore, Inc. (NYSE:WTI)

Barclays PLC increased its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 156,226 shares of the oil and gas company’s stock after acquiring an additional 15,445 shares during the quarter. Barclays PLC’s holdings in W&T Offshore were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTI. Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore in the fourth quarter valued at about $32,000. Wells Fargo & Company MN increased its stake in shares of W&T Offshore by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 13,237 shares during the last quarter. Huber Capital Management LLC increased its stake in shares of W&T Offshore by 10.6% in the 4th quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company’s stock worth $8,384,000 after acquiring an additional 483,954 shares during the last quarter. RPO LLC acquired a new stake in shares of W&T Offshore in the 4th quarter worth $55,000. Finally, Geode Capital Management LLC increased its stake in shares of W&T Offshore by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,189,364 shares of the oil and gas company’s stock worth $3,635,000 after acquiring an additional 42,795 shares during the last quarter. Hedge funds and other institutional investors own 42.88% of the company’s stock.

W&T Offshore Stock Performance

NYSE:WTI opened at $1.36 on Monday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $200.81 million, a price-to-earnings ratio of -3.16 and a beta of 0.53. The company’s 50-day moving average is $1.34 and its two-hundred day moving average is $1.64. W&T Offshore, Inc. has a 1-year low of $1.09 and a 1-year high of $2.84.

W&T Offshore (NYSE:WTI) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $129.87 million for the quarter, compared to analyst estimates of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. Analysts forecast that W&T Offshore, Inc. will post -0.45 EPS for the current year.

W&T Offshore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.04 annualized dividend and a yield of 2.94%. W&T Offshore’s payout ratio is -5.56%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Thursday.

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.