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Caisse DE Depot ET Placement DU Quebec Has $625,000 Holdings in W&T Offshore, Inc. (NYSE:WTI)

By September 9, 2019 No Comments

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 53.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,934 shares of the oil and gas company’s stock after selling 145,066 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of W&T Offshore worth $625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Impact Advisors LLC boosted its position in shares of W&T Offshore by 43.9% during the 2nd quarter. Capital Impact Advisors LLC now owns 383,612 shares of the oil and gas company’s stock worth $1,826,000 after acquiring an additional 116,991 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of W&T Offshore by 23.1% during the 1st quarter. MetLife Investment Advisors LLC now owns 44,133 shares of the oil and gas company’s stock worth $305,000 after acquiring an additional 8,279 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of W&T Offshore by 11.1% during the 1st quarter. Hancock Whitney Corp now owns 128,218 shares of the oil and gas company’s stock worth $884,000 after acquiring an additional 12,858 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of W&T Offshore by 9.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 857,952 shares of the oil and gas company’s stock worth $4,255,000 after acquiring an additional 70,749 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of W&T Offshore by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,042,631 shares of the oil and gas company’s stock worth $20,776,000 after acquiring an additional 196,139 shares in the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.

Several research firms recently issued reports on WTI. Roth Capital set a $11.00 price target on shares of W&T Offshore and gave the stock a “buy” rating in a research report on Friday, August 16th. Capital One Financial upgraded shares of W&T Offshore from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 23rd. Seaport Global Securities reiterated a “buy” rating on shares of W&T Offshore in a research report on Friday, June 21st. Finally, Stifel Nicolaus set a $10.00 price target on shares of W&T Offshore and gave the stock a “buy” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.67.

Shares of NYSE:WTI opened at $4.38 on Monday. The company has a market cap of $637.33 million, a price-to-earnings ratio of 4.34 and a beta of 2.96. The firm has a 50 day simple moving average of $4.42 and a 200 day simple moving average of $5.16. W&T Offshore, Inc. has a one year low of $3.62 and a one year high of $9.88.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.16. The business had revenue of $134.70 million during the quarter, compared to the consensus estimate of $126.50 million. W&T Offshore had a net margin of 31.72% and a negative return on equity of 31.98%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts predict that W&T Offshore, Inc. will post 0.56 earnings per share for the current fiscal year.

In related news, CEO Tracy W. Krohn acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average price of $4.60 per share, with a total value of $460,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William J. Williford acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $4.12 per share, with a total value of $41,200.00. Following the purchase, the insider now owns 61,245 shares in the company, valued at $252,329.40. The disclosure for this purchase can be found here. In the last three months, insiders purchased 276,913 shares of company stock valued at $1,200,049. 33.60% of the stock is owned by insiders.

W&T Offshore 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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