StockNews.com assumed coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT – Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the oil and gas company’s stock.
Separately, The Goldman Sachs Group reduced their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, March 21st.
View Our Latest Report on Calumet Specialty Products Partners
Calumet Specialty Products Partners Stock Up 0.9 %
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last released its earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The business had revenue of $976.50 million for the quarter, compared to the consensus estimate of $856.71 million. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.21) EPS. Analysts anticipate that Calumet Specialty Products Partners will post -0.52 EPS for the current year.
Hedge Funds Weigh In On Calumet Specialty Products Partners
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Calumet Specialty Products Partners by 335.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 1,301 shares in the last quarter. IFP Advisors Inc bought a new stake in Calumet Specialty Products Partners during the 2nd quarter worth approximately $32,000. Worth Asset Management LLC acquired a new stake in shares of Calumet Specialty Products Partners during the first quarter worth $54,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Calumet Specialty Products Partners in the 2nd quarter valued at about $76,000. Finally, Covestor Ltd bought a new stake in shares of Calumet Specialty Products Partners in the first quarter valued at about $77,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.
Calumet Specialty Products Partners Company Profile
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.
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