Fmr LLC Increases Holdings in W&T Offshore, Inc. (NYSE:WTI)

Fmr LLC lifted its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 72.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,846 shares of the oil and gas company’s stock after purchasing an additional 15,852 shares during the period. Fmr LLC’s holdings in W&T Offshore were worth $81,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CCG Wealth Management LLC bought a new stake in W&T Offshore in the second quarter worth about $26,000. Verum Partners LLC purchased a new stake in shares of W&T Offshore during the 3rd quarter worth approximately $32,000. Caprock Group LLC bought a new stake in shares of W&T Offshore in the 2nd quarter worth approximately $34,000. Sei Investments Co. purchased a new position in W&T Offshore in the second quarter valued at approximately $37,000. Finally, Signaturefd LLC grew its holdings in W&T Offshore by 203.1% during the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 13,161 shares during the period. 42.88% of the stock is owned by hedge funds and other institutional investors.

W&T Offshore Price Performance

NYSE WTI opened at $1.51 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The company has a market cap of $222.51 million, a PE ratio of -3.51 and a beta of 1.35. W&T Offshore, Inc. has a 52 week low of $1.33 and a 52 week high of $3.44. The firm’s 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $2.13.

W&T Offshore Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, November 21st. W&T Offshore’s dividend payout ratio (DPR) is presently -9.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded W&T Offshore from a “sell” rating to a “hold” rating in a research note on Friday, December 13th.

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.