W&T Offshore, Inc. (NYSE:WTI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in W&T Offshore, Inc. (NYSE:WTI) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,146,569 shares of the oil and gas company’s stock after purchasing an additional 52,186 shares during the quarter. Geode Capital Management LLC owned 1.46% of W&T Offshore worth $4,616,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Squarepoint Ops LLC raised its holdings in W&T Offshore by 197.3% in the 2nd quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock valued at $884,000 after buying an additional 274,156 shares during the period. Huber Capital Management LLC increased its holdings in W&T Offshore by 18.1% in the 2nd quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company’s stock valued at $10,194,000 after purchasing an additional 731,254 shares during the last quarter. Creative Planning raised its position in W&T Offshore by 14.4% in the third quarter. Creative Planning now owns 286,747 shares of the oil and gas company’s stock valued at $617,000 after purchasing an additional 36,145 shares during the period. The Manufacturers Life Insurance Company raised its position in W&T Offshore by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 7,142 shares during the period. Finally, Caprock Group LLC purchased a new position in shares of W&T Offshore during the second quarter worth $34,000. Institutional investors and hedge funds own 42.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

W&T Offshore Trading Down 1.1 %

WTI opened at $1.76 on Monday. The business has a fifty day moving average price of $1.87 and a 200 day moving average price of $2.10. 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, Inc. has a 12 month low of $1.33 and a 12 month high of $3.34. The stock has a market capitalization of $259.35 million, a price-to-earnings ratio of -4.09 and a beta of 1.34.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given 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 presently -9.30%.

W&T Offshore 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.