State Street Corp Sells 35,091 Shares of W&T Offshore, Inc. (NYSE:WTI)

State Street Corp lowered its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 1.3% during the third quarter, HoldingsChannel.com reports. The fund owned 2,569,691 shares of the oil and gas company’s stock after selling 35,091 shares during the quarter. State Street Corp’s holdings in W&T Offshore were worth $5,525,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Squarepoint Ops LLC boosted its holdings in shares of W&T Offshore by 197.3% during the 2nd quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock worth $884,000 after buying an additional 274,156 shares in the last quarter. Huber Capital Management LLC lifted its position in shares of W&T Offshore by 18.1% during the 2nd quarter. Huber Capital Management LLC now owns 4,763,734 shares of the oil and gas company’s stock valued at $10,194,000 after acquiring an additional 731,254 shares during the period. Creative Planning boosted its stake in W&T Offshore by 14.4% during the third quarter. Creative Planning now owns 286,747 shares of the oil and gas company’s stock worth $617,000 after acquiring an additional 36,145 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of W&T Offshore by 17.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 7,142 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of W&T Offshore during the second quarter valued at approximately $34,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Stock Up 2.5 %

WTI opened at $1.61 on Friday. W&T Offshore, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.39. The company’s 50-day moving average is $1.91 and its 200 day moving average is $2.11. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $237.25 million, a P/E ratio of -3.74 and a beta of 1.35.

W&T Offshore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.01 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.48%. W&T Offshore’s dividend payout ratio (DPR) is presently -9.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of W&T Offshore from a “sell” rating to a “hold” rating in a research report on Friday, December 13th.

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.