Dynamic Technology Lab Private Ltd purchased a new position in shares of W&T Offshore, Inc. (NYSE:WTI – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 116,968 shares of the oil and gas company’s stock, valued at approximately $382,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of W&T Offshore at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of W&T Offshore by 907.2% during the 4th quarter. Signaturefd LLC now owns 8,390 shares of the oil and gas company’s stock worth $27,000 after buying an additional 7,557 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of W&T Offshore by 131.6% during the 4th quarter. Quadrant Capital Group LLC now owns 15,607 shares of the oil and gas company’s stock worth $51,000 after buying an additional 8,869 shares in the last quarter. Octavia Wealth Advisors LLC raised its position in shares of W&T Offshore by 51.4% during the 4th quarter. Octavia Wealth Advisors LLC now owns 18,315 shares of the oil and gas company’s stock worth $60,000 after buying an additional 6,215 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in shares of W&T Offshore in the 4th quarter worth approximately $63,000. Finally, SG Americas Securities LLC raised its holdings in shares of W&T Offshore by 72.3% in the 4th quarter. SG Americas Securities LLC now owns 20,206 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 8,478 shares in the last quarter. 42.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus boosted their target price on shares of W&T Offshore from $7.50 to $7.80 and gave the stock a “buy” rating in a report on Tuesday, April 23rd.
Read Our Latest Research Report on WTI
W&T Offshore Stock Up 3.2 %
NYSE WTI opened at $2.25 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 18.51. The company’s 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.88. W&T Offshore, Inc. has a 12 month low of $2.17 and a 12 month high of $4.51.
W&T Offshore (NYSE:WTI – Get Free Report) last released its earnings results on Tuesday, March 5th. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The business had revenue of $132.30 million during the quarter, compared to the consensus estimate of $138.23 million. W&T Offshore had a negative return on equity of 100.74% and a negative net margin of 4.04%. The firm’s revenue for the quarter was down 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts anticipate that W&T Offshore, Inc. will post -0.12 EPS for the current year.
W&T Offshore Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 24th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, May 23rd. W&T Offshore’s dividend payout ratio (DPR) is currently -26.66%.
W&T Offshore Company Profile
(Free Report)
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.
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