Bank of New York Mellon Corp Has $1.28 Million Position in W&T Offshore, Inc. (NYSE:WTI)

Bank of New York Mellon Corp lifted its position in W&T Offshore, Inc. (NYSE:WTI) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,547 shares of the oil and gas company’s stock after acquiring an additional 62,576 shares during the period. Bank of New York Mellon Corp owned approximately 0.30% of W&T Offshore worth $1,280,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund grew its stake in shares of W&T Offshore by 62.0% during the 2nd quarter. New York State Common Retirement Fund now owns 52,000 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 19,899 shares in the last quarter. Zacks Investment Management grew its stake in shares of W&T Offshore by 68.8% during the 2nd quarter. Zacks Investment Management now owns 66,916 shares of the oil and gas company’s stock worth $131,000 after acquiring an additional 27,270 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of W&T Offshore by 782.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,579 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 73,223 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of W&T Offshore by 58.5% in the second quarter. Alliancebernstein L.P. now owns 91,308 shares of the oil and gas company’s stock valued at $179,000 after buying an additional 33,700 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of W&T Offshore by 137.0% in the second quarter. Rhumbline Advisers now owns 104,625 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 60,480 shares in the last quarter. Institutional investors and hedge funds own 47.98% of the company’s stock.

Several research firms recently weighed in on WTI. Capital One Financial cut shares of W&T Offshore from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of W&T Offshore from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average price target of $2.50.

In other news, insider John D. Gibbons sold 29,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $2.79, for a total transaction of $80,910.00. Following the transaction, the insider now directly owns 476,030 shares of the company’s stock, valued at $1,328,123.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen L. Schroeder sold 18,762 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $2.81, for a total value of $52,721.22. Following the transaction, the senior vice president now directly owns 366,592 shares in the company, valued at $1,030,123.52. The disclosure for this sale can be found here. Insiders own 32.58% of the company’s stock.

W&T Offshore, Inc. (WTI) opened at $4.72 on Thursday. W&T Offshore, Inc. has a 12-month low of $1.81 and a 12-month high of $5.10. The company has a debt-to-equity ratio of -1.65, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $671.19, a PE ratio of 9.08 and a beta of 2.49.

W&T Offshore (NYSE:WTI) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $119.50 million. W&T Offshore had a negative return on equity of 10.86% and a net margin of 15.38%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) earnings per share. equities research analysts forecast that W&T Offshore, Inc. will post 0.48 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Bank of New York Mellon Corp Has $1.28 Million Position in W&T Offshore, Inc. (NYSE:WTI)” was first published by BBNS and is owned by of BBNS. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://baseballnewssource.com/markets/bank-of-new-york-mellon-corp-has-1-28-million-position-in-wt-offshore-inc-wti/1824502.html.

W&T Offshore Profile

W&T Offshore, Inc is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.

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

Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.