XTX Topco Ltd Buys 19,311 Shares of W&T Offshore, Inc. (NYSE:WTI)

XTX Topco Ltd grew its stake in shares of W&T Offshore, Inc. (NYSE:WTI) by 27.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 89,901 shares of the oil and gas company’s stock after acquiring an additional 19,311 shares during the period. XTX Topco Ltd’s holdings in W&T Offshore were worth $149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huber Capital Management LLC raised its stake in W&T Offshore by 10.6% in 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 buying an additional 483,954 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 52,186 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of W&T Offshore during the fourth quarter worth $111,000. Bank of New York Mellon Corp grew its holdings 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 valued at $2,096,000 after buying an additional 368,803 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of W&T Offshore by 317.3% during the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after buying an additional 107,045 shares during the last quarter. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Stock Up 1.3 %

Shares of WTI stock opened at $1.20 on Tuesday. The stock has a market cap of $176.43 million, a P/E ratio of -2.78 and a beta of 0.94. W&T Offshore, Inc. has a twelve month low of $1.09 and a twelve month high of $2.84. The stock has a 50 day moving average of $1.42 and a 200 day moving average of $1.69. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32.

W&T Offshore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Monday, March 17th. W&T Offshore’s dividend payout ratio (DPR) is presently -6.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded W&T Offshore from a “hold” rating to a “sell” rating in a research 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.