Ares Management buys $110,390,690 stake in Clayton Williams Energy (CWEI)

Clayton Williams Energy (CWEI) : Ares Management scooped up 917,405 additional shares in Clayton Williams Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,042,405 shares of Clayton Williams Energy which is valued at $110,390,690.Clayton Williams Energy makes up approximately 12.16% of Ares Management’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp added CWEI to its portfolio by purchasing 14,495 company shares during the most recent quarter which is valued at $1,581,694. Clayton Williams Energy makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.Geode Capital Management boosted its stake in CWEI in the latest quarter, The investment management firm added 3,494 additional shares and now holds a total of 40,661 shares of Clayton Williams Energy which is valued at $4,460,918.California Public Employees Retirement System reduced its stake in CWEI by selling 2,700 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 50,100 shares of CWEI which is valued at $3,711,909. Clayton Williams Energy makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Winslow Evans Crocker added CWEI to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $16,618.Sippican Capital Advisors reduced its stake in CWEI by selling 5,995 shares or 13.29% in the most recent quarter. The Hedge Fund company now holds 39,105 shares of CWEI which is valued at $3,343,086. Clayton Williams Energy makes up approx 3.85% of Sippican Capital Advisors’s portfolio.

Clayton Williams Energy opened for trading at $110.74 and hit $115.5 on the upside on Monday, eventually ending the session at $111.54, with a gain of 0.74% or 0.82 points. The heightened volatility saw the trading volume jump to 2,57,696 shares. Company has a market cap of $1,951 M.

On the company’s financial health, Clayton Williams Energy reported $-2.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $-2.28. The company had revenue of $55.43 million for the quarter, compared to analysts expectations of $40.76 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.23 EPS.

Many Wall Street Analysts have commented on Clayton Williams Energy. Company shares were Reiterated by Wunderlich on Nov 7, 2016 to “Hold”, Firm has raised the Price Target to $ 90 from a previous price target of $70 .Company shares were Reiterated by Wunderlich on Sep 19, 2016 to “Hold”, Firm has raised the Price Target to $ 61 from a previous price target of $35 .

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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