State Street Corp Has $5.53 Million Stake in W&T Offshore, Inc. (NYSE:WTI)

State Street Corp cut its position in W&T Offshore, Inc. (NYSE:WTI) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,569,691 shares of the oil and gas company’s stock after selling 35,091 shares during the period. State Street Corp owned about 1.74% of W&T Offshore worth $5,525,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. CCG Wealth Management LLC acquired a new stake in W&T Offshore in the 2nd quarter valued at $26,000. Verum Partners LLC acquired a new position 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 during the 2nd quarter worth approximately $34,000. Sei Investments Co. acquired a new stake in shares of W&T Offshore in the 2nd quarter valued at approximately $37,000. Finally, Signaturefd LLC increased its stake in shares of W&T Offshore by 203.1% during the 2nd quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 13,161 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

W&T Offshore Stock Up 2.5 %

WTI stock opened at $1.61 on Friday. The business’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $2.11. The stock has a market capitalization of $237.25 million, a price-to-earnings ratio of -3.74 and a beta of 1.35. W&T Offshore, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.39. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

W&T Offshore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, November 21st. W&T Offshore’s dividend payout ratio (DPR) is -9.30%.

W&T Offshore Company Profile

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.