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 business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $89.69, for a total transaction of $188,349.00. Following the sale, the chief financial officer now directly owns 21,100 shares in the company, valued at $1,892,459. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Clayton Williams Energy Inc. (NYSE:CWEI) traded up 2.44% on Wednesday, reaching $89.52. 262,153 shares of the company’s stock traded hands. Clayton Williams Energy Inc. has a 52-week low of $6.35 and a 52-week high of $91.63. The stock’s market cap is $1.09 billion. The company’s 50 day moving average is $76.49 and its 200-day moving average is $40.01.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.40) by $0.42. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The business earned $42.20 million during the quarter, compared to analysts’ expectations of $35.62 million. During the same period last year, the company posted ($1.05) EPS. Clayton Williams Energy’s revenue for the quarter was down 42.3% on a year-over-year basis. Equities analysts expect that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.
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Several large investors have recently made changes to their positions in CWEI. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 worth $556,000 after buying an additional 294 shares during the period. State Street Corp boosted its stake in shares of Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock worth $931,000 after buying an additional 1,413 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Clayton Williams Energy by 18.5% in the second quarter. Teachers Advisors Inc. now owns 9,734 shares of the company’s stock worth $267,000 after buying an additional 1,519 shares during the period. Creative Planning acquired a new stake in shares of Clayton Williams Energy during the third quarter worth about $171,000. Finally, BlackRock Investment Management LLC boosted its stake in shares of Clayton Williams Energy by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 25,661 shares of the company’s stock worth $705,000 after buying an additional 3,400 shares during the period. 57.50% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on CWEI. Roth Capital raised shares of Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 target price on the stock in a report on Tuesday, August 9th. 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. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Wunderlich raised shares of Clayton Williams Energy from a “sell” rating to a “hold” rating and upped their target price for the company from $15.00 to $35.00 in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Clayton Williams Energy has an average rating of “Hold” and a consensus target price 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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