1 day Ago By ABMN Staff
Bank of New York Mellon Corp increased its holdings in W&T Offshore, Inc. ( NYSE:WTI – Free Report ) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 1,009,865 shares of the oil and gas company’s stock after buying an additional 50,094 shares during the period. Bank of New York Mellon Corp owned about 0.69% of W&T Offshore worth $2,161,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Huber Capital Management LLC increased its stake in shares of W&T Offshore by 23.0% during the 1st quarter.
Huber Capital Management LLC now owns 4,032,480 shares of the oil and gas company’s stock valued at $10,686,000 after acquiring an additional 753,237 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of W&T Offshore by 33.
6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,135,748 shares of the oil and gas company’s stock valued at $3,010,000 after buying an additional 285,493 shares during the last quarter.
GSA Capital Partners LLP purchased a new position in shares of W&T Offshore during the 1st quarter valued at approximately $1,652,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of W&T Offshore by 174.
0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company’s stock valued at $1,053,000 after buying an additional 252,394 shares during the last quarter.
Finally, BNP Paribas Financial Markets lifted its stake in W&T Offshore by 81.2% during the fourth quarter. BNP Paribas Financial Markets now owns 262,124 shares of the oil and gas company’s stock worth $855,000 after purchasing an additional 117,462 shares during the last quarter.
42.88% of the stock is currently owned by hedge funds and other institutional investors. W&T Offshore Price Performance Shares of NYSE WTI opened at $2.
12 on Wednesday. W&T Offshore, Inc. has a 1-year low of $1.
92 and a 1-year high of $4.47. The company has a debt-to-equity ratio of 75.
32, a current ratio of 1.06 and a quick ratio of 1.06.
The business’s fifty day moving average price is $2.25 and its two-hundred day moving average price is $2.33.
The firm has a market capitalization of $311.34 million, a PE ratio of -13.87 and a beta of 1.
40. W&T Offshore Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were issued a dividend of $0.
01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.
89%. The ex-dividend date was Tuesday, August 20th. W&T Offshore’s payout ratio is currently -26.
67%. Analysts Set New Price Targets Separately, StockNews.com upgraded W&T Offshore from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th.
View Our Latest Analysis on W&T Offshore W&T Offshore Company Profile ( Free Report ) W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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