Clayton Williams Energy Inc. (CWEI) Shares Bought by Sippican Capital Advisors
Sippican Capital Advisors raised its stake in Clayton Williams Energy Inc. (NYSE:CWEI) by 140.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,100 shares of the company’s stock after buying an additional 26,323 shares during the period. Clayton Williams Energy comprises approximately 1.5% of Sippican Capital Advisors’ holdings, making the stock its 28th largest position. Sippican Capital Advisors owned about 0.37% of Clayton Williams Energy worth $1,238,000 as of its most recent filing with the SEC.
Separately, Adage Capital Partners GP L.L.C. boosted its stake in Clayton Williams Energy by 12.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 433,858 shares of the company’s stock valued at $3,870,000 after buying an additional 48,982 shares during the last quarter. Institutional investors own 57.50% of the company’s stock.
Clayton Williams Energy Inc. (NYSE:CWEI) traded down 2.07% during trading on Thursday, hitting $81.82. The stock had a trading volume of 579,376 shares. Clayton Williams Energy Inc. has a 52 week low of $6.35 and a 52 week high of $85.35. The company has a 50-day moving average of $65.36 and a 200-day moving average of $32.70. The stock’s market capitalization is $995.67 million.
Clayton Williams Energy (NYSE:CWEI) last released its earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.40) by $0.42. The business earned $42.20 million during the quarter, compared to the consensus estimate of $35.62 million. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The business’s revenue was down 42.3% on a year-over-year basis. During the same period in the prior year, the company earned ($1.05) earnings per share. On average, equities analysts expect that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
CWEI has been the subject of several analyst reports. Wunderlich reaffirmed a “hold” rating and issued a $61.00 price objective (up from $35.00) on shares of Clayton Williams Energy in a report on Monday. Zacks Investment Research cut Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Roth Capital dropped their price objective on Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating for the company in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Clayton Williams Energy has a consensus rating of “Hold” and a consensus target price of $24.67.
In other news, Director Ares Management Llc acquired 5,051,100 shares of Clayton Williams Energy stock in a transaction on Monday, August 29th. The stock was acquired at an average cost of $29.70 per share, with a total value of $150,017,670.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Davis L. Ford sold 1,000 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $79.42, for a total value of $79,420.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $79,420. The disclosure for this sale can be found here. Company insiders own 36.40% of the company’s stock.
About Clayton Williams Energy
Clayton Williams Energy, Inc is an oil and gas company engaged in the exploration for and production of oil and natural gas. The Company operates in Texas, Louisiana and New Mexico. Its segments include oil and gas exploration and production, and contract drilling services. It has holdings in approximately two oil shale plays in the United States, which include Wolfcamp Shale in the Southern Delaware Basin of West Texas and the Eagle Ford Shale in the Giddings Area of East Central Texas.
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