Renaissance Technologies LLC Sells 12,346 Shares of W&T Offshore, Inc. (NYSE:WTI)

Renaissance Technologies LLC lowered its position in W&T Offshore, Inc. (NYSE:WTI) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,387 shares of the oil and gas company’s stock after selling 12,346 shares during the period. Renaissance Technologies LLC owned 0.13% of W&T Offshore worth $418,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of W&T Offshore by 20.3% in the second quarter. American Century Companies Inc. now owns 207,886 shares of the oil and gas company’s stock valued at $445,000 after buying an additional 35,049 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in W&T Offshore by 83.3% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 41,393 shares of the oil and gas company’s stock valued at $89,000 after buying an additional 18,810 shares during the last quarter. Caprock Group LLC bought a new position in W&T Offshore during the 2nd quarter valued at $34,000. CCG Wealth Management LLC purchased a new position in W&T Offshore during the 2nd quarter worth $26,000. Finally, Signaturefd LLC raised its holdings in shares of W&T Offshore by 203.1% in the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 13,161 shares during the last quarter. Institutional investors and hedge funds own 42.88% of the company’s stock.

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 Thursday, September 19th.

W&T Offshore Price Performance

NYSE WTI opened at $2.24 on Friday. The company has a market cap of $328.23 million, a PE ratio of -14.90 and a beta of 1.39. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 75.32. The firm’s 50-day simple moving average is $2.21 and its two-hundred day simple moving average is $2.29. W&T Offshore, Inc. has a 52 week low of $1.92 and a 52 week high of $4.32.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%. The company had revenue of $142.70 million for the quarter, compared to analysts’ expectations of $148.05 million. During the same period last year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Research analysts predict that W&T Offshore, Inc. will post -0.35 earnings per share for the current year.

W&T Offshore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th were issued a $0.01 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.79%. W&T Offshore’s payout ratio is currently -26.66%.

W&T Offshore Company 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.