Sapient Capital LLC Takes Position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Sapient Capital LLC acquired a new position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,501 shares of the oil and gas company’s stock, valued at approximately $188,000.

Other hedge funds have also bought and sold shares of the company. Pekin Hardy Strauss Inc. bought a new stake in shares of Calumet Specialty Products Partners in the fourth quarter worth approximately $407,000. O Brien Greene & Co. Inc raised its stake in Calumet Specialty Products Partners by 4.2% during the 4th quarter. O Brien Greene & Co. Inc now owns 50,000 shares of the oil and gas company’s stock valued at $894,000 after buying an additional 2,000 shares during the last quarter. Gimbal Financial bought a new position in shares of Calumet Specialty Products Partners during the 4th quarter valued at $483,000. J.W. Cole Advisors Inc. boosted its stake in shares of Calumet Specialty Products Partners by 23.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 19,750 shares of the oil and gas company’s stock worth $353,000 after buying an additional 3,750 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Calumet Specialty Products Partners in the fourth quarter worth $393,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped 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. HC Wainwright restated a “buy” rating and set a $25.00 target price on shares of Calumet Specialty Products Partners in a research report on Monday, April 22nd. Finally, StockNews.com initiated coverage on shares of Calumet Specialty Products Partners in a report on Wednesday. They set a “hold” rating for the company.

Calumet Specialty Products Partners Stock Up 0.6 %

NASDAQ CLMT opened at $16.31 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 company has a market capitalization of $1.31 billion, a P/E ratio of 20.65 and a beta of 1.75. The stock’s 50-day moving average price is $15.17 and its 200-day moving average price is $15.85.

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

Calumet Specialty Products Partners 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.