Rpo LLC Acquires Shares of 33,249 W&T Offshore, Inc. (NYSE:WTI)

Rpo LLC purchased a new stake in shares of W&T Offshore, Inc. (NYSE:WTI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,249 shares of the oil and gas company’s stock, valued at approximately $55,000.

A number of other large investors have also recently modified their holdings of WTI. Geode Capital Management LLC increased its stake in shares of W&T Offshore by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,189,364 shares of the oil and gas company’s stock valued at $3,635,000 after buying an additional 42,795 shares during the period. EntryPoint Capital LLC grew its holdings in W&T Offshore by 40.6% during the 4th quarter. EntryPoint Capital LLC now owns 72,572 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 20,946 shares in the last quarter. Virtu Financial LLC purchased a new position in W&T Offshore during the 4th quarter valued at about $66,000. Quantbot Technologies LP bought a new stake in shares of W&T Offshore in the 4th quarter valued at about $111,000. Finally, Inspire Advisors LLC bought a new position in shares of W&T Offshore during the fourth quarter valued at approximately $182,000. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Analyst Ratings Changes

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

W&T Offshore Trading Up 0.7 %

WTI opened at $1.47 on Thursday. 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 firm has a market cap of $217.02 million, a price-to-earnings ratio of -3.42 and a beta of 1.14. W&T Offshore, Inc. has a 12 month low of $1.30 and a 12 month high of $2.84. The stock has a fifty day moving average price of $1.61 and a 200-day moving average price of $1.84.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.72%. W&T Offshore’s dividend payout ratio is presently -6.78%.

About W&T Offshore

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.