Jane Street Group LLC Trims Position in W&T Offshore, Inc. (NYSE:WTI)

Jane Street Group LLC lowered its position in W&T Offshore, Inc. (NYSE:WTI) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 358,995 shares of the oil and gas company’s stock after selling 174,376 shares during the quarter. Jane Street Group LLC’s holdings in W&T Offshore were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in W&T Offshore by 17.8% during the second quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 7,142 shares during the last quarter. Signaturefd LLC grew its holdings in shares of W&T Offshore by 203.1% during the 2nd quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 13,161 shares during the period. Verum Partners LLC acquired a new stake in shares of W&T Offshore during the 3rd quarter worth about $32,000. Caprock Group LLC purchased a new stake in W&T Offshore in the 2nd quarter valued at about $34,000. Finally, FMR LLC raised its holdings in W&T Offshore by 72.1% in the 3rd quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock valued at $81,000 after buying an additional 15,852 shares during the period. 42.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

W&T Offshore Stock Up 7.2 %

Shares of NYSE WTI opened at $1.78 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The business’s 50 day moving average is $1.88 and its two-hundred day moving average is $2.10. W&T Offshore, Inc. has a 52-week low of $1.33 and a 52-week high of $3.34. The firm has a market cap of $262.30 million, a price-to-earnings ratio of -4.14 and a beta of 1.35.

W&T Offshore Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.01 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.25%. W&T Offshore’s dividend payout ratio is presently -9.30%.

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.