Insider Selling: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) SVP Sells $167,109.44 in Stock

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) SVP Gregory J. Morical sold 11,111 shares of Calumet Specialty Products Partners stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.04, for a total transaction of $167,109.44. Following the sale, the senior vice president now directly owns 33,845 shares in the company, valued at approximately $509,028.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Calumet Specialty Products Partners Stock Up 0.1 %

Shares of CLMT opened at $15.76 on Friday. Calumet Specialty Products Partners, L.P. has a 52-week low of $11.91 and a 52-week high of $19.91. The firm has a market capitalization of $1.26 billion, a PE ratio of -225.14 and a beta of 1.75. The firm has a 50-day moving average price of $15.22 and a 200 day moving average price of $15.90.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates 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. 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 previous year, the company earned ($0.21) EPS. On average, equities analysts expect that Calumet Specialty Products Partners, L.P. will post -1.31 EPS for the current year.

Institutional Trading of Calumet Specialty Products Partners

Several institutional investors have recently modified their holdings of CLMT. J.W. Cole Advisors Inc. lifted its holdings in Calumet Specialty Products Partners by 4.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 20,600 shares of the oil and gas company’s stock valued at $306,000 after acquiring an additional 850 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Calumet Specialty Products Partners by 2.9% in the third quarter. Atria Wealth Solutions Inc. now owns 36,000 shares of the oil and gas company’s stock valued at $688,000 after buying an additional 1,000 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Calumet Specialty Products Partners by 11.2% during the 4th quarter. Sheets Smith Wealth Management now owns 12,202 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,225 shares during the last quarter. O Brien Greene & Co. Inc boosted its stake in shares of 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 worth $894,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Calumet Specialty Products Partners by 6.2% in the 4th quarter. Brown Advisory Inc. now owns 85,613 shares of the oil and gas company’s stock worth $1,530,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

Analysts Set New Price Targets

CLMT has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Monday, May 13th. Finally, StockNews.com began coverage on shares of Calumet Specialty Products Partners in a report on Thursday. They issued a “hold” rating for the company.

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.