W&T Offshore, Inc. (NYSE:WTI) is Huber Capital Management LLC's 10th Largest Position

Huber Capital Management LLC increased its stake in W&T Offshore, Inc. (NYSE:WTI - Free Report) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,763,734 shares of the oil and gas company's stock after buying an additional 731,254 shares during the period. W&T Offshore accounts for about 2.3% of Huber Capital Management LLC's holdings, making the stock its 10th largest holding. Huber Capital Management LLC owned 3.24% of W&T Offshore worth $10,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of W&T Offshore in the first quarter worth approximately $1,652,000. Jacobs Levy Equity Management Inc. boosted its stake in W&T Offshore by 174.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 397,451 shares of the oil and gas company's stock valued at $1,053,000 after purchasing an additional 252,394 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in W&T Offshore by 33.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,135,748 shares of the oil and gas company's stock valued at $3,010,000 after purchasing an additional 285,493 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of W&T Offshore in the 1st quarter worth $629,000. Finally, Virtu Financial LLC purchased a new position in shares of W&T Offshore in the first quarter worth $191,000. Institutional investors own 42.88% of the company's stock.

W&T Offshore Stock Performance

Shares of NYSE WTI traded down $0.03 during trading on Friday, hitting $2.08. The company had a trading volume of 2,096,059 shares, compared to its average volume of 2,088,049. The stock has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $2.32. The firm has a market capitalization of $305.46 million, a P/E ratio of -13.87 and a beta of 1.40. The company has a debt-to-equity ratio of 75.32, a quick ratio of 1.06 and a current ratio of 1.06. W&T Offshore, Inc. has a 12 month low of $1.92 and a 12 month high of $4.47.

W&T Offshore (NYSE:WTI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $142.70 million for the quarter, compared to the consensus estimate of $148.05 million. W&T Offshore had a negative net margin of 4.51% and a negative return on equity of 103.71%. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. As a group, analysts anticipate that W&T Offshore, Inc. will post -0.35 earnings per share for the current year.

W&T Offshore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 20th. W&T Offshore's dividend payout ratio (DPR) is presently -26.67%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a research note on Thursday.

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