Geode Capital Management LLC Grows Stock Holdings in W&T Offshore, Inc. (NYSE:WTI)

Geode Capital Management LLC increased its position in shares of W&T Offshore, Inc. (NYSE:WTI) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,146,569 shares of the oil and gas company’s stock after purchasing an additional 52,186 shares during the period. Geode Capital Management LLC’s holdings in W&T Offshore were worth $4,616,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in W&T Offshore by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 1,009,865 shares of the oil and gas company’s stock worth $2,161,000 after purchasing an additional 50,094 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of W&T Offshore in the 2nd quarter valued at about $34,000. Morgan Dempsey Capital Management LLC boosted its position in shares of W&T Offshore by 83.3% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 41,393 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 18,810 shares during the period. American Century Companies Inc. grew its stake in W&T Offshore by 20.3% during the 2nd quarter. American Century Companies Inc. now owns 207,886 shares of the oil and gas company’s stock worth $445,000 after buying an additional 35,049 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in W&T Offshore by 122.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,211 shares of the oil and gas company’s stock worth $65,000 after buying an additional 16,614 shares during the period. Hedge funds and other institutional investors own 42.88% of the company’s stock.

Analysts Set New Price Targets

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

W&T Offshore Trading Down 1.1 %

Shares of W&T Offshore stock opened at $1.76 on Monday. W&T Offshore, Inc. has a 1 year low of $1.33 and a 1 year high of $3.34. The company has a market capitalization of $259.35 million, a P/E ratio of -4.09 and a beta of 1.34. The company’s fifty day moving average is $1.87 and its two-hundred day moving average is $2.10. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.27%. W&T Offshore’s payout ratio is -9.30%.

W&T Offshore Company 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.