Bank of New York Mellon Corp boosted its position in shares of Clayton Williams Energy Inc. (NYSE:CWEI) by 25.6% during the second quarter, Holdings Channel reports. The fund owned 48,897 shares of the company’s stock after buying an additional 9,978 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Clayton Williams Energy worth $1,343,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in CWEI. Sippican Capital Advisors raised its stake in shares of Clayton Williams Energy by 140.2% in the second quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock worth $1,238,000 after buying an additional 26,323 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position 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 worth $3,870,000 after buying an additional 48,982 shares in the last quarter. Finally, State Street Corp raised 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 worth $931,000 after buying an additional 1,413 shares in the last quarter. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
Clayton Williams Energy Inc. (NYSE:CWEI) traded up 2.72% during midday trading on Wednesday, hitting $89.77. The stock had a trading volume of 181,918 shares. The company’s market cap is $1.09 billion. The firm’s 50-day moving average price is $75.72 and its 200 day moving average price is $39.65. Clayton Williams Energy Inc. has a 12 month low of $6.35 and a 12 month high of $91.63.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.40) by $0.42. The firm had revenue of $42.20 million for 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%. Clayton Williams Energy’s revenue for the quarter was down 42.3% compared to the same quarter last year. During the same quarter last year, the company posted ($1.05) earnings per share. On average, analysts expect that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
CWEI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Roth Capital reaffirmed a “sell” rating on shares of Clayton Williams Energy in a research note on Tuesday, July 12th. Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Wunderlich raised Clayton Williams Energy from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $15.00 to $35.00 in a research note on Thursday, August 4th. Finally, Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.67.
In related news, Director Davis L. Ford sold 9,341 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $54.04, for a total transaction of $504,787.64. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $162,120. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ares Management Llc purchased 5,051,100 shares of Clayton Williams Energy stock in a transaction that occurred on Monday, August 29th. The shares were bought at an average price of $29.70 per share, for a total transaction of $150,017,670.00. The disclosure for this purchase can be found here. Insiders own 36.40% of the company’s stock.
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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