Barclays PLC Raises Position in W&T Offshore, Inc. (NYSE:WTI)

Barclays PLC grew its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 317.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 140,781 shares of the oil and gas company’s stock after acquiring an additional 107,045 shares during the period. Barclays PLC owned about 0.10% of W&T Offshore worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of W&T Offshore by 17.8% during 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 in the last quarter. Verum Partners LLC purchased a new stake in shares of W&T Offshore in the 3rd quarter worth approximately $32,000. FMR LLC grew its stake in shares of W&T Offshore by 72.1% in the 3rd quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock worth $81,000 after buying an additional 15,852 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in W&T Offshore by 122.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,211 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 16,614 shares in the last quarter. Finally, Signaturefd LLC raised its stake in W&T Offshore by 86.6% during the third quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock valued at $79,000 after buying an additional 17,004 shares during the last quarter. Institutional investors own 42.88% of the company’s stock.

Analysts Set New Price Targets

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

W&T Offshore Stock Performance

NYSE WTI opened at $1.85 on Tuesday. The business has a 50-day moving average price of $1.78 and a 200-day moving average price of $2.07. The firm has a market cap of $271.88 million, a price-to-earnings ratio of -4.29 and a beta of 1.34. W&T Offshore, Inc. has a twelve month low of $1.33 and a twelve month high of $3.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 21st. W&T Offshore’s dividend payout ratio (DPR) is presently -9.30%.

W&T Offshore Company Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.