Price T Rowe Associates Inc. MD Buys 7,776 Shares of W&T Offshore, Inc. (NYSE:WTI)

Price T Rowe Associates Inc. MD lifted its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,829 shares of the oil and gas company’s stock after purchasing an additional 7,776 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in W&T Offshore were worth $67,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Huber Capital Management LLC lifted its holdings in shares of W&T Offshore by 10.6% during the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company’s stock worth $8,384,000 after purchasing an additional 483,954 shares during the period. Quantbot Technologies LP bought a new stake in shares of W&T Offshore during the fourth quarter worth about $111,000. Bank of New York Mellon Corp increased its position in shares of W&T Offshore by 41.3% during the fourth 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 acquiring an additional 368,803 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of W&T Offshore during the fourth quarter worth about $32,000. Finally, Wells Fargo & Company MN boosted its holdings in W&T Offshore by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 13,237 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Stock Performance

NYSE WTI opened at $1.47 on Monday. W&T Offshore, Inc. has a 1 year low of $1.09 and a 1 year high of $2.84. 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 stock has a market capitalization of $216.31 million, a PE ratio of -3.41 and a beta of 0.53. The company’s 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $1.61.

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

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.04 annualized dividend and a yield of 2.73%. W&T Offshore’s payout ratio is currently -5.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

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.