Vanguard Personalized Indexing Management LLC Grows Position in W&T Offshore, Inc. (NYSE:WTI)

Vanguard Personalized Indexing Management LLC boosted its holdings in W&T Offshore, Inc. (NYSE:WTI) by 122.2% during the second quarter, HoldingsChannel reports. The fund owned 30,211 shares of the oil and gas company’s stock after buying an additional 16,614 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in W&T Offshore were worth $65,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth about $214,000. Sanders Morris Harris LLC purchased a new stake in shares of W&T Offshore in the first quarter valued at $26,000. Norden Group LLC purchased a new position in W&T Offshore in the 1st quarter valued at about $29,000. GSA Capital Partners LLP purchased a new position in shares of W&T Offshore during the first quarter valued at approximately $1,652,000. Finally, Russell Investments Group Ltd. increased its stake in W&T Offshore by 33.6% in the first quarter. Russell Investments Group Ltd. now owns 1,135,748 shares of the oil and gas company’s stock valued at $3,010,000 after purchasing an additional 285,493 shares during the last quarter. Institutional investors and hedge funds 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 report on Thursday, September 19th.

W&T Offshore Stock Up 7.9 %

Shares of W&T Offshore stock opened at $2.32 on Wednesday. W&T Offshore, Inc. has a twelve month low of $1.92 and a twelve month high of $4.42. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 75.32. The stock has a market capitalization of $340.72 million, a price-to-earnings ratio of -15.47 and a beta of 1.40. The business’s 50 day simple moving average is $2.19 and its 200-day simple 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 (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $148.05 million. W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) EPS. Equities research analysts forecast that W&T Offshore, Inc. will post -0.35 earnings per share for the current year.

W&T Offshore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.72%. W&T Offshore’s dividend payout ratio (DPR) is presently -26.66%.

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.