Deprince Race & Zollo Inc. Acquires New Stake in W&T Offshore, Inc. (NYSE:WTI)

Deprince Race & Zollo Inc. acquired a new stake in W&T Offshore, Inc. (NYSE:WTI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 13,000 shares of the oil and gas company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PEAK6 Investments LLC bought a new stake in W&T Offshore in the 1st quarter valued at $36,000. GenTrust LLC lifted its position in W&T Offshore by 200.0% in the 1st quarter. GenTrust LLC now owns 10,000 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 20,000 shares in the last quarter. Ethic Inc. bought a new stake in W&T Offshore in the 1st quarter valued at $41,000. Sippican Capital Advisors bought a new stake in W&T Offshore in the 1st quarter valued at $43,000. Finally, Diversified Trust Co bought a new stake in W&T Offshore in the 1st quarter valued at $52,000. 31.80% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of W&T Offshore from a “hold” rating to a “strong-buy” rating and set a $4.25 price target on the stock in a research report on Tuesday.

In other news, Director B Frank Stanley acquired 15,000 shares of the stock in a transaction dated Monday, May 10th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $54,000.00. Following the purchase, the director now directly owns 266,831 shares of the company’s stock, valued at $960,591.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 34.65% of the company’s stock.

Shares of NYSE:WTI opened at $4.01 on Thursday. The business’s 50-day simple moving average is $4.27. W&T Offshore, Inc. has a one year low of $1.35 and a one year high of $5.14.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings results on Tuesday, May 4th. The oil and gas company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The business had revenue of $125.60 million for the quarter, compared to the consensus estimate of $114.70 million. W&T Offshore’s revenue was up 32.6% on a year-over-year basis. On average, sell-side analysts anticipate that W&T Offshore, Inc. will post 0.46 earnings per share for the current fiscal year.

W&T Offshore Company Profile

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. It holds working interest in approximately 43 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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