Rpo LLC Makes New $55,000 Investment in W&T Offshore, Inc. (NYSE:WTI)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in W&T Offshore by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock worth $4,616,000 after acquiring an additional 52,186 shares during the last quarter. Barclays PLC increased its position in shares of W&T Offshore by 317.3% during the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 107,045 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in W&T Offshore by 41.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company’s stock valued at $2,096,000 after buying an additional 368,803 shares during the period. Quantbot Technologies LP bought a new stake in W&T Offshore in the fourth quarter worth $111,000. Finally, Virtu Financial LLC purchased a new position in W&T Offshore during the fourth quarter worth $66,000. 42.88% of the stock is owned by hedge funds and other institutional investors.

W&T Offshore Stock Performance

W&T Offshore stock opened at $1.47 on Thursday. 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 $217.02 million, a P/E ratio of -3.42 and a beta of 1.14. W&T Offshore, Inc. has a 1-year low of $1.30 and a 1-year high of $2.84. The company’s 50-day moving average is $1.61 and its 200 day moving average is $1.84.

W&T Offshore Announces Dividend

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

Analyst Ratings Changes

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

W&T Offshore Company Profile

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.