W&T Offshore, Inc. (WTI) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 14.5% in the second quarter, Holdings Channel reports. The firm owned 4,156,016 shares of the oil and gas company’s stock after buying an additional 527,248 shares during the period. Dimensional Fund Advisors LP’s holdings in W&T Offshore were worth $29,716,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WTI. JPMorgan Chase & Co. increased its position in shares of W&T Offshore by 55.0% during the 1st quarter. JPMorgan Chase & Co. now owns 7,248,683 shares of the oil and gas company’s stock worth $32,112,000 after purchasing an additional 2,571,558 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of W&T Offshore by 23.8% during the 1st quarter. New York State Common Retirement Fund now owns 89,163 shares of the oil and gas company’s stock worth $395,000 after purchasing an additional 17,163 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of W&T Offshore by 855.8% during the 1st quarter. Russell Investments Group Ltd. now owns 126,353 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 113,133 shares during the last quarter. MetLife Investment Advisors LLC increased its position in shares of W&T Offshore by 183.5% during the 1st quarter. MetLife Investment Advisors LLC now owns 50,382 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 32,613 shares during the last quarter. Finally, Barclays PLC increased its position in shares of W&T Offshore by 99.5% during the 1st quarter. Barclays PLC now owns 54,373 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 27,120 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research raised W&T Offshore from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Tuesday, July 17th. KLR Group reaffirmed a “sell” rating and issued a $6.25 target price on shares of W&T Offshore in a research report on Monday, August 20th. Finally, Seaport Global Securities raised W&T Offshore to a “buy” rating in a research report on Thursday, June 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.08.

NYSE WTI opened at $9.09 on Monday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.23 and a beta of 2.55. The company has a debt-to-equity ratio of -1.50, a current ratio of 0.84 and a quick ratio of 0.84. W&T Offshore, Inc. has a 1-year low of $2.60 and a 1-year high of $9.88.

W&T Offshore (NYSE:WTI) last released its earnings results on Wednesday, August 1st. The oil and gas company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. The company had revenue of $149.60 million during the quarter, compared to the consensus estimate of $150.66 million. W&T Offshore had a negative return on equity of 18.00% and a net margin of 16.40%. W&T Offshore’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts forecast that W&T Offshore, Inc. will post 0.9 earnings per share for the current fiscal year.

W&T Offshore Company Profile

W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.

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Institutional Ownership by Quarter for W&T Offshore (NYSE:WTI)

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