Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Get Free Report) Director Jennifer Straumins sold 100,000 shares of Calumet Specialty Products Partners stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $20.59, for a total value of $2,059,000.00. Following the completion of the transaction, the director now owns 1,388,529 shares of the company's stock, valued at $28,589,812.11. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Calumet Specialty Products Partners Stock Performance
Shares of CLMT stock traded up $0.41 during trading hours on Friday, reaching $20.90. The company had a trading volume of 17,745 shares, compared to its average volume of 394,214. The company has a 50 day moving average of $19.50 and a 200 day moving average of $17.09. Calumet Specialty Products Partners, L.P. has a 1-year low of $9.97 and a 1-year high of $25.29.
Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) last released its earnings results on Friday, November 8th. The oil and gas company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.59). The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $888.36 million. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. Equities research analysts forecast that Calumet Specialty Products Partners, L.P. will post -2.87 EPS for the current year.
Analysts Set New Price Targets
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Several equities research analysts have commented on CLMT shares. Wells Fargo & Company lifted their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, October 21st. The Goldman Sachs Group dropped their price objective on Calumet Specialty Products Partners from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. TD Cowen reduced their price target on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Monday. HC Wainwright restated a "buy" rating and issued a $25.00 target price on shares of Calumet Specialty Products Partners in a report on Monday. Finally, StockNews.com began coverage on Calumet Specialty Products Partners in a research note on Wednesday, October 23rd. They issued a "sell" rating on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.75.
Get Our Latest Analysis on CLMT
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Founders Financial Alliance LLC raised its holdings in shares of Calumet Specialty Products Partners by 8.4% during the 2nd quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company's stock worth $777,000 after buying an additional 3,750 shares in the last quarter. Creative Planning raised its position in shares of Calumet Specialty Products Partners by 46.4% during the second quarter. Creative Planning now owns 62,459 shares of the oil and gas company's stock worth $1,002,000 after acquiring an additional 19,800 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Calumet Specialty Products Partners during the second quarter worth $898,000. Wedbush Securities Inc. bought a new stake in shares of Calumet Specialty Products Partners during the 2nd quarter valued at about $169,000. Finally, Wasserstein Debt Opportunities Management L.P. boosted its stake in Calumet Specialty Products Partners by 2.9% during the second quarter. Wasserstein Debt Opportunities Management L.P. now owns 6,891,314 shares of the oil and gas company's stock worth $110,606,000 after acquiring an additional 193,063 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company's stock.
Calumet Specialty Products Partners Company Profile
(
Get Free Report)
Calumet, Inc manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Montana/Renewables; and Performance brands segments.
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