Insider Selling: Clayton Williams Energy Inc. (CWEI) CFO Sells $188,349.00 in Stock
Clayton Williams Energy Inc. (NYSE:CWEI) CFO Michael L. Pollard sold 2,100 shares of the stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $89.69, for a total transaction of $188,349.00. Following the completion of the transaction, the chief financial officer now directly owns 21,100 shares in the company, valued at $1,892,459. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 88.31 on Monday. Clayton Williams Energy Inc. has a 12 month low of $6.35 and a 12 month high of $91.96. The firm’s market cap is $1.07 billion. The firm’s 50 day moving average is $77.92 and its 200-day moving average is $40.92.
Clayton Williams Energy (NYSE:CWEI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($2.40) by $0.42. Clayton Williams Energy had a negative return on equity of 36.30% and a negative net margin of 98.91%. The firm had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. During the same quarter last year, the firm posted ($1.05) earnings per share. The firm’s revenue for the quarter was down 42.3% compared to the same quarter last year. On average, equities analysts forecast that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWEI. Schwab Charles Investment Management Inc. boosted its position in Clayton Williams Energy by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,224 shares of the company’s stock valued at $556,000 after buying an additional 294 shares during the period. State Street Corp boosted its position in Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock valued at $931,000 after buying an additional 1,413 shares during the period. Teachers Advisors Inc. boosted its position in Clayton Williams Energy by 18.5% in the second quarter. Teachers Advisors Inc. now owns 9,734 shares of the company’s stock valued at $267,000 after buying an additional 1,519 shares during the period. Creative Planning purchased a new position in Clayton Williams Energy during the third quarter valued at $171,000. Finally, BlackRock Investment Management LLC boosted its position in Clayton Williams Energy by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 25,661 shares of the company’s stock valued at $705,000 after buying an additional 3,400 shares during the period. Institutional investors and hedge funds own 57.44% of the company’s stock.
Several research analysts have weighed in on CWEI shares. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Wunderlich reissued a “hold” rating and issued a $61.00 price target (up from $35.00) on shares of Clayton Williams Energy in a report on Monday, September 19th. Raymond James Financial Inc. raised shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Northland Securities raised shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Roth Capital lowered their price target on shares of Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.67.
Clayton Williams Energy Company Profile
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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