Atria Wealth Solutions Inc. Trims Stock Position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Atria Wealth Solutions Inc. cut its position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the oil and gas company’s stock after selling 9,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Calumet Specialty Products Partners were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates raised its stake in Calumet Specialty Products Partners by 39.5% in the fourth quarter. Raymond James & Associates now owns 454,360 shares of the oil and gas company’s stock valued at $8,119,000 after purchasing an additional 128,693 shares in the last quarter. Barclays PLC lifted its holdings in shares of Calumet Specialty Products Partners by 38.1% during the 3rd quarter. Barclays PLC now owns 200,870 shares of the oil and gas company’s stock worth $3,837,000 after acquiring an additional 55,370 shares during the last quarter. FAS Wealth Partners Inc. lifted its holdings in shares of Calumet Specialty Products Partners by 36.8% during the 4th quarter. FAS Wealth Partners Inc. now owns 54,868 shares of the oil and gas company’s stock worth $980,000 after acquiring an additional 14,770 shares during the last quarter. O Brien Greene & Co. Inc purchased a new position in Calumet Specialty Products Partners in the third quarter worth $917,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Calumet Specialty Products Partners by 46.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,131 shares of the oil and gas company’s stock valued at $521,000 after acquiring an additional 9,300 shares during the last quarter. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

Calumet Specialty Products Partners Stock Up 0.1 %

NASDAQ CLMT opened at $16.22 on Tuesday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 20.53 and a beta of 1.75. The company has a 50-day simple moving average of $15.16 and a two-hundred day simple moving average of $15.86. 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 issued its 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 company had revenue of $976.50 million during the quarter, compared to the consensus estimate of $856.71 million. Calumet Specialty Products Partners’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.21) EPS. Equities analysts expect that Calumet Specialty Products Partners, L.P. will post -0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CLMT. StockNews.com assumed coverage on Calumet Specialty Products Partners in a research note on Tuesday, April 30th. They set a “hold” rating for 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 for the company in a research report on Thursday, March 21st. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, April 22nd.

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.