First Trust Advisors LP boosted its position in shares of W&T Offshore, Inc. (NYSE:WTI – Get Rating) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 944,063 shares of the oil and gas company’s stock after acquiring an additional 104,562 shares during the period. First Trust Advisors LP owned 0.66% of W&T Offshore worth $5,268,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Venture Visionary Partners LLC purchased a new position in shares of W&T Offshore in the fourth quarter worth $338,000. Two Sigma Investments LP raised its holdings in shares of W&T Offshore by 22.7% in the third quarter. Two Sigma Investments LP now owns 1,360,329 shares of the oil and gas company’s stock worth $7,972,000 after buying an additional 251,991 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of W&T Offshore by 76.3% in the third quarter. Aigen Investment Management LP now owns 83,126 shares of the oil and gas company’s stock worth $487,000 after buying an additional 35,971 shares during the last quarter. Tudor Investment Corp Et Al raised its holdings in shares of W&T Offshore by 1,848.0% in the third quarter. Tudor Investment Corp Et Al now owns 196,749 shares of the oil and gas company’s stock worth $1,153,000 after buying an additional 186,649 shares during the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in shares of W&T Offshore in the third quarter worth $270,000. Hedge funds and other institutional investors own 51.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on WTI. Stifel Nicolaus raised their price target on shares of W&T Offshore from $8.00 to $8.20 in a report on Thursday, April 27th. StockNews.com initiated coverage on shares of W&T Offshore in a report on Thursday, May 18th. They issued a “hold” rating for the company.
W&T Offshore Trading Down 1.0 %
W&T Offshore (NYSE:WTI – Get Rating) last issued its earnings results on Tuesday, May 9th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.18). W&T Offshore had a negative return on equity of 735.09% and a net margin of 30.13%. The business had revenue of $131.73 million for the quarter, compared to analysts’ expectations of $142.08 million. During the same period last year, the business earned $0.21 EPS. The company’s revenue for the quarter was down 31.0% on a year-over-year basis. Equities research analysts predict that W&T Offshore, Inc. will post 0.25 earnings per share for the current year.
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.
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