Pekin Hardy Strauss Inc. Takes Position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Pekin Hardy Strauss Inc. acquired a new position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,750 shares of the oil and gas company’s stock, valued at approximately $407,000.

Several other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC bought a new position in Calumet Specialty Products Partners during the 3rd quarter worth about $279,000. Raymond James & Associates boosted its stake in shares of Calumet Specialty Products Partners by 8.9% during the third quarter. Raymond James & Associates now owns 325,667 shares of the oil and gas company’s stock valued at $6,220,000 after purchasing an additional 26,585 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Calumet Specialty Products Partners by 34.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,831 shares of the oil and gas company’s stock valued at $379,000 after buying an additional 5,100 shares during the period. Barclays PLC lifted its holdings in Calumet Specialty Products Partners by 38.1% during the third quarter. Barclays PLC now owns 200,870 shares of the oil and gas company’s stock worth $3,837,000 after buying an additional 55,370 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its position in Calumet Specialty Products Partners by 2.9% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 36,000 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 1,000 shares in the last quarter. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CLMT. StockNews.com began coverage on Calumet Specialty Products Partners in a research report on Tuesday. They issued a “hold” rating for the company. The Goldman Sachs Group reduced their target price on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Calumet Specialty Products Partners in a research report on Monday, April 22nd.

Calumet Specialty Products Partners Stock Down 2.2 %

Shares of NASDAQ:CLMT opened at $15.66 on Wednesday. Calumet Specialty Products Partners, L.P. has a 52-week low of $11.91 and a 52-week high of $19.91. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 19.82 and a beta of 1.76. The business has a 50-day moving average price of $15.26 and a 200-day moving average price of $15.89.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The firm had revenue of $976.50 million for the quarter, compared to analysts’ expectations of $856.71 million. Calumet Specialty Products Partners’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS. As a group, equities analysts anticipate that Calumet Specialty Products Partners, L.P. will post -0.86 EPS for the current fiscal year.

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.