SG Americas Securities LLC Sells 119,524 Shares of W&T Offshore, Inc. (NYSE:WTI)

SG Americas Securities LLC lessened its position in W&T Offshore, Inc. (NYSE:WTI) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,304 shares of the oil and gas company’s stock after selling 119,524 shares during the period. SG Americas Securities LLC’s holdings in W&T Offshore were worth $77,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in W&T Offshore during the third quarter worth $64,000. Signaturefd LLC raised its position in shares of W&T Offshore by 86.6% in the third quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock valued at $79,000 after purchasing an additional 17,004 shares during the period. FMR LLC raised its position in shares of W&T Offshore by 72.1% in the third quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock valued at $81,000 after purchasing an additional 15,852 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of 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, Ballentine Partners LLC bought a new position in W&T Offshore during the third quarter worth about $295,000. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Trading Up 4.6 %

WTI opened at $1.66 on Friday. The company’s 50 day moving average is $1.67 and its 200-day moving average is $1.98. W&T Offshore, Inc. has a 1-year low of $1.33 and a 1-year high of $3.17. 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 $245.06 million, a P/E ratio of -3.87 and a beta of 1.32.

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.

About W&T Offshore

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.