Jane Street Group LLC Lowers Position in W&T Offshore, Inc. (NYSE:WTI)

Jane Street Group LLC trimmed its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 32.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,995 shares of the oil and gas company’s stock after selling 174,376 shares during the quarter. Jane Street Group LLC owned approximately 0.24% of W&T Offshore worth $772,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WTI. Verum Partners LLC purchased a new position in W&T Offshore during the third quarter worth approximately $32,000. Caprock Group LLC acquired a new position in shares of W&T Offshore during the 2nd quarter worth approximately $34,000. Sei Investments Co. purchased a new position in shares of W&T Offshore during the 2nd quarter valued at approximately $37,000. Signaturefd LLC grew its stake in W&T Offshore by 203.1% in the 2nd quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 13,161 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in W&T Offshore in the 3rd quarter worth $64,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

W&T Offshore Price Performance

NYSE:WTI opened at $1.78 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. The stock has a 50 day moving average of $1.88 and a two-hundred day moving average of $2.10. The firm has a market cap of $262.30 million, a P/E ratio of -4.14 and a beta of 1.35. W&T Offshore, Inc. has a 12 month low of $1.33 and a 12 month high of $3.34.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a $0.01 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.25%. W&T Offshore’s payout ratio is currently -9.30%.

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.