Barclays PLC Purchases 107,045 Shares of W&T Offshore, Inc. (NYSE:WTI)

Barclays PLC increased its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 317.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,781 shares of the oil and gas company’s stock after buying an additional 107,045 shares during the period. Barclays PLC owned 0.10% of W&T Offshore worth $303,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Verum Partners LLC bought a new position in W&T Offshore during the third quarter worth $32,000. Caprock Group LLC bought a new stake in W&T Offshore in the second quarter valued at $34,000. Sei Investments Co. bought a new stake in W&T Offshore in the second quarter valued at $37,000. Intech Investment Management LLC bought a new stake in W&T Offshore in the third quarter valued at $64,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in W&T Offshore by 122.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,211 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 16,614 shares in the last quarter. Institutional investors own 42.88% of the company’s stock.

Wall Street Analyst Weigh In

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

W&T Offshore Trading Down 1.1 %

WTI opened at $1.76 on Monday. W&T Offshore, Inc. has a 1-year low of $1.33 and a 1-year high of $3.34. 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 company has a market cap of $259.35 million, a P/E ratio of -4.09 and a beta of 1.34. The company has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $2.10.

W&T Offshore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, November 21st. W&T Offshore’s dividend 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.