Virtu Financial LLC Purchases Shares of 39,538 W&T Offshore, Inc. (NYSE:WTI)

Virtu Financial LLC acquired a new position in shares of W&T Offshore, Inc. (NYSE:WTI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,538 shares of the oil and gas company’s stock, valued at approximately $66,000.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in W&T Offshore during the 4th quarter worth about $111,000. Inspire Advisors LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth about $182,000. Raymond James Financial Inc. purchased a new stake in shares of W&T Offshore during the fourth quarter worth approximately $32,000. US Bancorp DE purchased a new stake in shares of W&T Offshore during the fourth quarter worth approximately $33,000. Finally, Bank of New York Mellon Corp raised its holdings in W&T Offshore by 41.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company’s stock valued at $2,096,000 after acquiring an additional 368,803 shares in the last quarter. 42.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

W&T Offshore Stock Down 1.0 %

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

W&T Offshore Dividend Announcement

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

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.