Research analysts at StockNews.com began coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the oil and gas company’s stock.
Separately, The Goldman Sachs Group decreased their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, March 21st.
Read Our Latest Stock Analysis on Calumet Specialty Products Partners
Calumet Specialty Products Partners Trading Down 2.4 %
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The company had revenue of $976.50 million for the quarter, compared to analyst estimates of $856.71 million. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) earnings per share. Equities research analysts forecast that Calumet Specialty Products Partners will post -0.52 EPS for the current fiscal year.
Insider Buying and Selling at Calumet Specialty Products Partners
In other Calumet Specialty Products Partners news, Director Stephen P. Mawer sold 15,037 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $17.87, for a total value of $268,711.19. Following the completion of the sale, the director now directly owns 172,610 shares of the company’s stock, valued at approximately $3,084,540.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.91% of the company’s stock.
Institutional Trading of Calumet Specialty Products Partners
A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Calumet Specialty Products Partners by 335.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,301 shares during the period. IFP Advisors Inc bought a new position in shares of Calumet Specialty Products Partners during the 2nd quarter worth about $32,000. Worth Asset Management LLC bought a new position in shares of Calumet Specialty Products Partners during the 1st quarter worth about $54,000. BNP Paribas Arbitrage SA bought a new position in shares of Calumet Specialty Products Partners during the 2nd quarter worth about $76,000. Finally, Covestor Ltd bought a new position in shares of Calumet Specialty Products Partners during the 1st quarter worth about $77,000. 34.41% of the stock is owned by institutional investors.
About Calumet Specialty Products Partners
Calumet Specialty Products Partners, L.P. 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; Performance brands; Montana/Renewables; and Corporate segments.
Featured Articles
- Five stocks we like better than Calumet Specialty Products Partners
- Compound Interest and Why It Matters When Investing
- The Charles Schwab Company Can Hit New Highs
- What does consumer price index measure?
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
- ESG Stocks, What Investors Should Know
- 3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
Receive News & Ratings for Calumet Specialty Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.