Charles Schwab Investment Management Inc. Sells 68,350 Shares of W&T Offshore, Inc. (NYSE:WTI)

Charles Schwab Investment Management Inc. decreased its holdings in shares of W&T Offshore, Inc. (NYSE:WTI) by 14.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 414,956 shares of the oil and gas company’s stock after selling 68,350 shares during the period. Charles Schwab Investment Management Inc.’s holdings in W&T Offshore were worth $892,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. CCG Wealth Management LLC bought a new stake in shares of W&T Offshore during the second quarter worth about $26,000. Verum Partners LLC acquired a new position in W&T Offshore during the 3rd quarter valued at about $32,000. Caprock Group LLC bought a new stake in W&T Offshore during the 2nd quarter worth approximately $34,000. Sei Investments Co. purchased a new stake in shares of W&T Offshore in the second quarter worth approximately $37,000. Finally, Signaturefd LLC raised its stake in shares of W&T Offshore by 203.1% in the second quarter. Signaturefd LLC now owns 19,640 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 13,161 shares during the last quarter. 42.88% of the stock is owned by institutional investors.

W&T Offshore Stock Performance

Shares of WTI stock opened at $1.57 on Wednesday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $2.03 and a 200-day moving average of $2.15. W&T Offshore, Inc. has a one year low of $1.51 and a one year high of $3.44. The company has a market cap of $230.62 million, a P/E ratio of -3.65 and a beta of 1.35.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.04 annualized dividend and a yield of 2.56%. W&T Offshore’s dividend payout ratio (DPR) is -9.30%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised W&T Offshore from a “sell” rating to a “hold” rating in a research report on Friday, December 13th.

About W&T Offshore

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 and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.