US Bancorp DE Takes $33,000 Position in W&T Offshore, Inc. (NYSE:WTI)

US Bancorp DE bought a new position in W&T Offshore, Inc. (NYSE:WTI) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,900 shares of the oil and gas company’s stock, valued at approximately $33,000.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in W&T Offshore in the fourth quarter valued at $54,000. Intech Investment Management LLC acquired a new position in shares of W&T Offshore in the 3rd quarter valued at about $64,000. FMR LLC boosted its stake 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 worth $81,000 after buying an additional 15,852 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in W&T Offshore by 307.5% during the third quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 104,156 shares during the period. Finally, Barclays PLC increased its holdings in W&T Offshore by 317.3% in the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after buying an additional 107,045 shares in the last quarter. 42.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

W&T Offshore Stock Down 0.3 %

Shares of WTI opened at $1.59 on Wednesday. W&T Offshore, Inc. has a 12 month low of $1.30 and a 12 month high of $2.84. The firm has a market cap of $234.00 million, a P/E ratio of -3.69 and a beta of 1.14. 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 stock’s 50 day moving average is $1.66 and its two-hundred day moving average is $1.87.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 17th. W&T Offshore’s dividend payout ratio is presently -6.78%.

W&T Offshore 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.