SG Americas Securities LLC Invests $182,000 in W&T Offshore, Inc. (NYSE:WTI)

SG Americas Securities LLC bought a new position in shares of W&T Offshore, Inc. (NYSE:WTI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 85,228 shares of the oil and gas company’s stock, valued at approximately $182,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in 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 valued at $27,000 after acquiring an additional 7,557 shares during the period. New York State Common Retirement Fund lifted its position in W&T Offshore by 36.9% during the fourth quarter. New York State Common Retirement Fund now owns 160,843 shares of the oil and gas company’s stock valued at $524,000 after purchasing an additional 43,376 shares during the period. Russell Investments Group Ltd. boosted its holdings in W&T Offshore by 232.2% in the fourth quarter. Russell Investments Group Ltd. now owns 850,255 shares of the oil and gas company’s stock valued at $2,772,000 after purchasing an additional 594,333 shares during the last quarter. Hollow Brook Wealth Management LLC acquired a new stake in W&T Offshore during the 4th quarter worth about $67,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of W&T Offshore during the 4th quarter valued at about $263,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday.

W&T Offshore Price Performance

Shares of NYSE WTI opened at $2.33 on Friday. The company has a debt-to-equity ratio of 75.32, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $342.18 million, a price-to-earnings ratio of -15.53 and a beta of 1.40. The firm’s 50 day simple moving average is $2.26 and its 200-day simple moving average is $2.44. W&T Offshore, Inc. has a 12 month low of $1.99 and a 12 month high of $4.51.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data 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). The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $148.05 million. W&T Offshore had a negative net margin of 4.51% and a negative return on equity of 103.71%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS. Analysts expect that W&T Offshore, Inc. will post -0.34 EPS for the current year.

W&T Offshore Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.72%. W&T Offshore’s dividend payout ratio is presently -26.66%.

About W&T Offshore

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.