Centerbridge Partners LP Has Cut Its W & T Offshore INC (WTI) Stake by $9.87 Million; Market Value Rose

April 24, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.63 in 2017 Q4. Its down 0.31, from 1.94 in 2017Q3. It is negative, as 11 investors sold WTI shares while 32 reduced holdings. 35 funds opened positions while 35 raised stakes. 63.07 million shares or 0.69% less from 63.51 million shares in 2017Q3 were reported. Bank & Trust Of America Corp De holds 0% or 98,662 shares. Nebraska-based Ameritas Prtn Inc has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Aqr Mgmt Llc reported 4.65M shares stake. Virtu Ltd Company owns 60,611 shares or 0.01% of their US portfolio. Fayez Sarofim & Com reported 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Bnp Paribas Arbitrage reported 38,230 shares. Acadian Asset Mgmt Ltd has invested 0.01% in W&T Offshore, Inc. (NYSE:WTI). 168,529 were reported by Federated Pa. Centerbridge Ptnrs LP stated it has 830,184 shares. Jane Street reported 47,787 shares stake. Fny Managed Accounts Ltd Llc owns 342 shares for 0% of their portfolio. Goldman Sachs Gp accumulated 210,368 shares. The New York-based Horizon Kinetics Ltd Llc has invested 0.01% in W&T Offshore, Inc. (NYSE:WTI). Northern Tru Corp stated it has 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Illinois-based Balyasny Asset Llc has invested 0% in W&T Offshore, Inc. (NYSE:WTI).

Since December 18, 2017, it had 0 insider purchases, and 2 selling transactions for $133,631 activity. 29,000 shares valued at $80,910 were sold by GIBBONS JOHN D on Monday, December 18.

Mark T. Gallogly decreased its stake in W & T Offshore Inc (WTI) by 79.86% based on its latest 2017Q4 regulatory filing with the SEC. Centerbridge Partners Lp sold 3.29M shares as the company’s stock rose 39.80% while stock markets declined. The hedge fund run by Mark T. Gallogly held 830,184 shares of the energy company at the end of 2017Q4, valued at $2.75 million, down from 4.12 million at the end of the previous reported quarter. Centerbridge Partners Lp who had been investing in W & T Offshore Inc for a number of months, seems to be less bullish one the $791.43 million market cap company. The stock decreased 3.72% or $0.22 during the last trading session, reaching $5.69. About 2.73M shares traded or 18.42% up from the average. W&T Offshore, Inc. (NYSE:WTI) has risen 50.71% since April 24, 2017 and is uptrending. It has outperformed by 39.16% the S&P500.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on May, 2. They expect $0.12 EPS, down 25.00 % or $0.04 from last year’s $0.16 per share. WTI’s profit will be $16.69M for 11.85 P/E if the $0.12 EPS becomes a reality. After $0.17 actual EPS reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -29.41 % negative EPS growth.

W&T Offshore, Inc. (NYSE:WTI) Institutional Positions Chart

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