Insider Buying: W&T Offshore, Inc. (WTI) Insider Buys $42,070.00 in Stock
W&T Offshore, Inc. (NYSE:WTI) insider Shahid Ghauri bought 7,000 shares of the stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $6.01 per share, with a total value of $42,070.00. Following the completion of the acquisition, the insider now directly owns 8,000 shares in the company, valued at approximately $48,080. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shahid Ghauri also recently made the following trade(s):
- On Wednesday, December 19th, Shahid Ghauri bought 1,000 shares of W&T Offshore stock. The stock was purchased at an average price of $4.65 per share, with a total value of $4,650.00.
Shares of WTI stock opened at $6.07 on Monday. The firm has a market capitalization of $853.71 million, a price-to-earnings ratio of 6.01 and a beta of 2.88. W&T Offshore, Inc. has a twelve month low of $3.62 and a twelve month high of $9.88.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new stake in shares of W&T Offshore during the 4th quarter worth $43,000. Cigna Investments Inc. New lifted its stake in shares of W&T Offshore by 38.5% during the 4th quarter. Cigna Investments Inc. New now owns 15,322 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 4,256 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of W&T Offshore during the 4th quarter worth $70,000. Legal & General Group Plc lifted its stake in shares of W&T Offshore by 22.9% during the 4th quarter. Legal & General Group Plc now owns 17,914 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of W&T Offshore during the 4th quarter worth $76,000. Hedge funds and other institutional investors own 64.55% of the company’s stock.
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About W&T Offshore
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
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