Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its stake in shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 23.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,750 shares of the oil and gas company’s stock after purchasing an additional 3,750 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Calumet Specialty Products Partners were worth $353,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Advisor Resource Council acquired a new stake in Calumet Specialty Products Partners during the 4th quarter worth approximately $216,000. AE Wealth Management LLC purchased a new stake in Calumet Specialty Products Partners during the third quarter worth approximately $279,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Calumet Specialty Products Partners by 34.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,831 shares of the oil and gas company’s stock worth $379,000 after acquiring an additional 5,100 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Calumet Specialty Products Partners in the 4th quarter valued at $393,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of 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. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CLMT has been the subject of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Monday. 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 report on Thursday, March 21st. Finally, StockNews.com assumed coverage on Calumet Specialty Products Partners in a report on Monday. They issued a “hold” rating for the company.

Calumet Specialty Products Partners Price Performance

Shares of CLMT stock opened at $15.58 on Thursday. The company’s fifty day moving average price is $15.38 and its two-hundred day moving average price is $15.94. The firm has a market capitalization of $1.25 billion, a P/E ratio of 19.72 and a beta of 1.76. Calumet Specialty Products Partners, L.P. has a 12 month low of $11.91 and a 12 month high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced 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 firm had revenue of $976.50 million during the quarter, compared to analyst estimates of $856.71 million. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. On average, sell-side analysts anticipate that Calumet Specialty Products Partners, L.P. will post -0.52 EPS for the current year.

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.