Walleye Capital LLC Invests $43,000 in W&T Offshore, Inc. (NYSE:WTI)

Walleye Capital LLC bought a new stake in W&T Offshore, Inc. (NYSE:WTIGet Rating) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,057 shares of the oil and gas company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP grew its stake in W&T Offshore by 91.3% in the first quarter. Versor Investments LP now owns 24,300 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 11,600 shares during the period. New York State Common Retirement Fund raised its holdings in W&T Offshore by 176.0% during the first quarter. New York State Common Retirement Fund now owns 215,450 shares of the oil and gas company’s stock worth $823,000 after buying an additional 137,401 shares during the last quarter. Fisher Asset Management LLC raised its holdings in W&T Offshore by 33.6% during the first quarter. Fisher Asset Management LLC now owns 1,009,361 shares of the oil and gas company’s stock worth $3,856,000 after buying an additional 254,056 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of W&T Offshore by 42.3% in the first quarter. Great Lakes Advisors LLC now owns 108,063 shares of the oil and gas company’s stock valued at $413,000 after buying an additional 32,134 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of W&T Offshore by 536.0% during the first quarter. Qube Research & Technologies Ltd now owns 739,374 shares of the oil and gas company’s stock worth $2,824,000 after acquiring an additional 623,118 shares in the last quarter. 51.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com started coverage on W&T Offshore in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Stifel Nicolaus began coverage on W&T Offshore in a report on Tuesday, October 25th. They set a “buy” rating and a $9.10 price target for the company.

W&T Offshore Stock Performance

W&T Offshore stock opened at $6.77 on Tuesday. W&T Offshore, Inc. has a fifty-two week low of $2.97 and a fifty-two week high of $9.16. The firm’s 50-day simple moving average is $7.13 and its 200 day simple moving average is $6.19. The stock has a market cap of $969.21 million, a PE ratio of 4.15 and a beta of 2.11.

W&T Offshore Company Profile

(Get Rating)

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, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.

Featured Stories

Want to see what other hedge funds are holding WTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W&T Offshore, Inc. (NYSE:WTIGet Rating).

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.