Eidelman Virant Capital buys $25,110,000 stake in Clayton Williams Energy (CWEI)

Clayton Williams Energy (CWEI) : Eidelman Virant Capital scooped up 437,500 additional shares in Clayton Williams Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 450,000 shares of Clayton Williams Energy which is valued at $25,110,000.Clayton Williams Energy makes up approximately 13.82% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc sold out all of its stake in CWEI during the most recent quarter. The investment firm sold 18,200 shares of CWEI which is valued $1,015,560. Rhumbline Advisers added CWEI to its portfolio by purchasing 8,664 company shares during the most recent quarter which is valued at $483,451.Blackrock Advisors boosted its stake in CWEI in the latest quarter, The investment management firm added 91 additional shares and now holds a total of 2,825 shares of Clayton Williams Energy which is valued at $157,635.California Public Employees Retirement System boosted its stake in CWEI in the latest quarter, The investment management firm added 8,500 additional shares and now holds a total of 52,800 shares of Clayton Williams Energy which is valued at $2,097,744.

Clayton Williams Energy opened for trading at $62.9 and hit $65.999 on the upside on Thursday, eventually ending the session at $64.69, with a gain of 2.50% or 1.58 points. The heightened volatility saw the trading volume jump to 4,39,618 shares. Company has a market cap of $787 M.

On the company’s financial health, Clayton Williams Energy reported $-6.06 EPS for the quarter, missing the analyst consensus estimate by $ -3.64 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-2.42. The company had revenue of $42.20 million for the quarter, compared to analysts expectations of $35.81 million. The company’s revenue was down -42.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.05 EPS.

Many Wall Street Analysts have commented on Clayton Williams Energy. Clayton Williams Energy was Upgraded by ROTH Capital to ” Neutral” on Aug 9, 2016. Clayton Williams Energy was Upgraded by Northland Capital to ” Outperform” on Aug 4, 2016. Company shares were Upgraded by Wunderlich on Aug 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 35 from a previous price target of $15 .

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. The Company holds interests in approximately 3190 gross (1491.9 net) producing oil and gas wells and owned leasehold interests in approximately 680000 gross (373000 net) undeveloped acres. Its domestic operations consist of conducting its drilling exploration and production activities in the United States. It focuses on developmental drilling. The Company is also engaged in finding reserves through exploratory drilling. Through its wholly owned subsidiary Desta Drilling L.P. the Company operates 14 drilling rigs two of which it leases under long-term contracts. Its areas of operations include the Permian Basin Giddings Area and other.

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