Raymond James Financial Services Advisors Inc. Grows Position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 46.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,131 shares of the oil and gas company’s stock after purchasing an additional 9,300 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Calumet Specialty Products Partners were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CLMT. NewEdge Advisors LLC lifted its holdings in shares of Calumet Specialty Products Partners by 6.2% in the second quarter. NewEdge Advisors LLC now owns 12,411 shares of the oil and gas company’s stock worth $129,000 after buying an additional 727 shares in the last quarter. Atria Wealth Solutions Inc. lifted 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 worth $688,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Calumet Specialty Products Partners by 335.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the oil and gas company’s stock worth $29,000 after buying an additional 1,301 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Calumet Specialty Products Partners by 0.6% in the third quarter. Royal Bank of Canada now owns 229,908 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 1,425 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Calumet Specialty Products Partners by 10.4% in the third quarter. UBS Group AG now owns 17,208 shares of the oil and gas company’s stock worth $220,000 after buying an additional 1,618 shares in the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

Calumet Specialty Products Partners Trading Up 0.2 %

CLMT stock opened at $15.15 on Friday. The company’s 50 day moving average is $15.46 and its 200 day moving average is $16.03. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 19.18 and a beta of 1.76. Calumet Specialty Products Partners, L.P. has a 1-year low of $11.91 and a 1-year high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data 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 company had revenue of $976.50 million for the quarter, compared to the consensus estimate of $856.71 million. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS. As a group, sell-side analysts forecast that Calumet Specialty Products Partners, L.P. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CLMT shares. StockNews.com started coverage on shares of Calumet Specialty Products Partners in a report on Sunday, April 14th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 21st.

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.