W&T Offshore (WTI)

• Market cap: $212M
• 1 day: 5.11%
• 5 days: -14.79%
• 1 month: -28.36%
• 3 months: -30.77%
• 6 months: -32.08%
• Year to date: -55.56%
• 1 year: -55.14%
• 5 years: -73.18%
• 10 years: -80.85%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of company's revenue, with natural gas accounting for a much smaller portion.

Employees: 395

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

10% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 52

2% less funds holding

Funds holding: 141 [Q2] → 138 (-3) [Q3]

2.13% less ownership

Funds ownership: 37.03% [Q2] → 34.91% (-2.13%) [Q3]

5% less capital invested

Capital invested by funds: $116M [Q2] → $110M (-$5.94M) [Q3]

13% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 23

62% less call options, than puts

Call options by funds: $454K | Put options by funds: $1.2M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]