Trading Report: The Clayton Williams Energy Inc. (CWEI) CFO Michael L. Pollard Sold 2,100 Shares

The Clayton Williams Energy Inc. (CWEI) CFO Michael L. Pollard Sold 2,100 Shares

Clayton Williams Energy Inc. (NYSE:CWEI) CFO Michael L. Pollard sold 2,100 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 89.52 on Thursday. The company’s 50 day moving average is $76.49 and its 200-day moving average is $40.01. The firm’s market capitalization is $1.09 billion. Clayton Williams Energy Inc. has a one year low of $6.35 and a one year high of $91.63.

Clayton Williams Energy (NYSE:CWEI) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) 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 firm earned $42.20 million during the quarter, compared to the consensus estimate of $35.62 million. During the same period in the prior year, the company posted ($1.05) earnings per share. The company’s revenue for the quarter was down 42.3% compared to the same quarter last year. Equities analysts expect that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.

A number of equities analysts have recently weighed in on CWEI shares. Roth Capital raised shares of Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 price target on the stock in a research 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 research report on Wednesday, July 27th. Northland Securities raised shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 4th. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Wunderlich raised shares of Clayton Williams Energy from a “sell” rating to a “hold” rating and lifted their price target for the stock from $15.00 to $35.00 in a research report on Thursday, August 4th. Two equities research 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 currently has an average rating of “Hold” and a consensus target price of $24.67.

Large investors have recently bought and sold shares of the stock. Teachers Advisors Inc. raised its stake in 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 in the last quarter. Alliancebernstein L.P. bought a new position in shares of Clayton Williams Energy during the second quarter valued at about $264,000. D L Carlson Investment Group Inc. bought a new position in shares of Clayton Williams Energy during the second quarter valued at about $1,866,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Clayton Williams Energy by 15.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 181,953 shares of the company’s stock valued at $4,996,000 after buying an additional 24,131 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Clayton Williams Energy by 12.5% in the second quarter. BlackRock Fund Advisors now owns 154,053 shares of the company’s stock valued at $4,230,000 after buying an additional 17,128 shares in the last quarter. 57.50% of the stock is currently owned by institutional investors.

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