66,784 Shares in W&T Offshore, Inc. (NYSE:WTI) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in W&T Offshore, Inc. (NYSE:WTI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,784 shares of the oil and gas company’s stock, valued at approximately $111,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore during the fourth quarter worth $32,000. US Bancorp DE acquired a new stake in shares of W&T Offshore in the 4th quarter valued at about $33,000. R Squared Ltd bought a new stake in shares of W&T Offshore in the fourth quarter valued at about $54,000. Intech Investment Management LLC acquired a new position in shares of W&T Offshore during the third quarter worth about $64,000. Finally, FMR LLC grew its holdings in shares of W&T Offshore by 72.1% during the third 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 in the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.

W&T Offshore Stock Down 1.0 %

Shares of WTI stock opened at $1.56 on Tuesday. The firm’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $1.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore, Inc. has a 1 year low of $1.30 and a 1 year high of $2.84. The firm has a market capitalization of $230.90 million, a P/E ratio of -3.64 and a beta of 1.14.

W&T Offshore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, March 17th. This represents a $0.04 annualized dividend and a yield of 2.56%. W&T Offshore’s payout ratio is presently -6.78%.

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.