American Century Companies Inc. Purchases 35,049 Shares of W&T Offshore, Inc. (NYSE:WTI)

American Century Companies Inc. boosted its stake in W&T Offshore, Inc. (NYSE:WTI) by 20.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,886 shares of the oil and gas company’s stock after purchasing an additional 35,049 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of W&T Offshore worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Huber Capital Management LLC raised its holdings in shares of W&T Offshore by 23.0% in 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 in the last quarter. GSA Capital Partners LLP purchased a new position in W&T Offshore in the 1st quarter worth approximately $1,652,000. Russell Investments Group Ltd. increased its stake in W&T Offshore by 33.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,135,748 shares of the oil and gas company’s stock worth $3,010,000 after purchasing an additional 285,493 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in W&T Offshore by 174.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company’s stock worth $1,053,000 after purchasing an additional 252,394 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of W&T Offshore in the 1st quarter worth approximately $629,000. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Trading Up 11.3 %

NYSE WTI opened at $2.71 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 75.32. The stock’s 50 day moving average is $2.19 and its 200 day moving average is $2.29. W&T Offshore, Inc. has a twelve month low of $1.92 and a twelve month high of $4.32. The firm has a market capitalization of $397.26 million, a PE ratio of -17.27 and a beta of 1.40.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%. The business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $148.05 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts forecast that W&T Offshore, Inc. will post -0.35 earnings per share for the current fiscal year.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, August 20th. W&T Offshore’s dividend payout ratio is -26.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered W&T Offshore from a “hold” rating to a “sell” rating in a research report on Thursday, September 19th.

About W&T Offshore

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.