Sei Investments Co. Acquires New Holdings in W&T Offshore, Inc. (NYSE:WTI)

Sei Investments Co. purchased a new position in shares of W&T Offshore, Inc. (NYSE:WTI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,194 shares of the oil and gas company’s stock, valued at approximately $37,000.

Other large investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new position in W&T Offshore during the 1st quarter worth approximately $26,000. Norden Group LLC bought a new stake in shares of W&T Offshore during the 1st quarter worth approximately $29,000. CCG Wealth Management LLC bought a new stake in shares of W&T Offshore during the 2nd quarter worth approximately $26,000. Paloma Partners Management Co bought a new stake in shares of W&T Offshore during the 1st quarter worth approximately $36,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of W&T Offshore during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 42.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th.

W&T Offshore Stock Performance

Shares of W&T Offshore stock opened at $2.24 on Friday. W&T Offshore, Inc. has a 12-month low of $1.92 and a 12-month high of $4.32. The stock has a market cap of $328.97 million, a P/E ratio of -13.18 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 business’s 50 day moving average is $2.21 and its 200-day moving average is $2.29.

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

W&T Offshore Announces Dividend

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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, August 20th. W&T Offshore’s dividend payout ratio is -23.53%.

W&T Offshore 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.