Bank of America Corp DE raised its stake in W&amp;T Offshore, Inc. (<a>NYSE:WTI</a> – <a>Free Report</a>) by 137.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 246,893 shares of the oil and gas company’s stock after acquiring an additional 142,899 shares during the period. Bank of America Corp DE owned 0.17% of W&amp;T Offshore worth $410,000 as of its most recent SEC filing. \n\nSeveral other hedge funds and other institutional investors have also made changes to their positions in WTI. Ameriprise Financial Inc. lifted its position in W&amp;T Offshore by 427.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company’s stock worth $6,360,000 after purchasing an additional 3,104,484 shares during the period. Aristeia Capital L.L.C. acquired a new stake in W&amp;T Offshore during the 4th quarter valued at $645,000. Northern Trust Corp increased its stake in shares of W&amp;T Offshore by 6.0% in the fourth quarter. Northern Trust Corp now owns 963,386 shares of the oil and gas company’s stock worth $1,599,000 after acquiring an additional 54,409 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of W&amp;T Offshore in the fourth quarter worth $41,000. Finally, Two Sigma Securities LLC acquired a new position in shares of W&amp;T Offshore in the fourth quarter worth $207,000. 42.88% of the stock is currently owned by institutional investors and hedge funds. \n\nW&amp;T Offshore Stock Up 3.5%<br><a>WTI stock</a> opened at $1.94 on Friday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. W&amp;T Offshore, Inc. has a 52-week low of $1.09 and a 52-week high of $2.84. The company has a 50-day moving average of $1.36 and a two-hundred day moving average of $1.55. The stock has a market capitalization of $285.71 million, a price-to-earnings ratio of -4.50 and a beta of 0.65. \n\nW&amp;T Offshore (<a>NYSE:WTI</a> – <a>Get Free Report</a>) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $129.87 million during the quarter, compared to analyst estimates of $123.91 million. W&amp;T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. As a group, equities research analysts anticipate that W&amp;T Offshore, Inc. will post -0.45 EPS for the current year. \n\nW&amp;T Offshore Announces Dividend<br>The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, May 20th. W&amp;T Offshore’s dividend payout ratio (DPR) is presently -5.56%. \n\nWall Street Analyst Weigh In<br>Separately, <a>Wall Street Zen</a> cut shares of W&amp;T Offshore from a “hold” rating to a “sell” rating in a report on Saturday, May 24th.

W&T Offshore, Inc. (NYSE:WTI) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its stake in W&T Offshore, Inc. (NYSE:WTI) by 137.4% in Q4, owning 246,893 shares (0.17% of the company). Other institutional investors, including Ameriprise Financial and Aristeia Capital, also adjusted their positions. W&T Offshore reported Q1 earnings of -$0.13 EPS, a negative net margin of 11.95%, and a $0.01 quarterly dividend. Wall Street Zen downgraded the stock to a 'sell' rating.