Calumet Specialty Products Partners, L.P (NASDAQ: CLMT) Lifted to Hold at ValuEngine



ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P (NASDAQ: CLMT) from a sell rating to a hold rating in a research note issued to investors on Saturday, October 27th.

A number of other research analysts recently commented on CLMT. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P from a hold rating to a buy rating and set a $ 7.50 price objective for the company in a research report on Thursday, September 27th. BidaskClub raised shares of Calumet Specialty Products Partners, L.P from a hold rating to a buy rating in a research report on Saturday, July 21st.

Calumet Specialty Products Partners, L.P stock traded down $ 0.06 during mid-day trading on Friday, reaching $ 3.44. The company's stock had a trading volume of 820,531 shares, compared to its average volume of 423,597. The company has a market cap of $ 265.38 million, a P / E ratio of -6.14 and a beta of 1.54. Calumet Specialty Products Partners, L.P has a 12 month low of $ 3.18 and a 12 month high of $ 9.35. The company has a current ratio of 1.41, a quick ratio of 0.75 and a debt-to-equity ratio of 41.13.

In related news, CFO David West Griffin bought 10,599 shares of Calumet Specialty Products Partners, L.P stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of $ 6.36 per share, with a total value of $ 67,409.64. Following the acquisition, the chief financial officer now owns 78,905 shares of the company's stock, valued at approximately $ 501,835.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders bought 36,205 shares of company stock valued at $ 236,425. Insiders own 4.75% of the company's stock.

Several hedge funds have recently made changes to their positions in CLMT. Renaissance Technologies LLC boosted its holdings in shares of Calumet Specialty Products Partners, L.P by 133.9% during the 2nd quarter. Renaissance Technologies LLC now owns 472,299 shares of the oil and gas company's stock worth $ 3,519,000 after buying an additional 270,409 shares during the period. Barnett & Company Inc. raised its stake in Calumet Specialty Products Partners, L.P by 64.0% in the 3rd quarter. Barnett & Company Inc. now owns 407,300 shares of the oil and gas company's stock worth $ 2,607,000 after purchasing an additional 159,000 shares in the last quarter. BB & T Securities LLC acquired a new stake in Calumet Specialty Products Partners, L.P in the 2nd quarter worth about $ 510,000. Credit Suisse AG raised its stake in Calumet Specialty Products Partners, L.P by 485.6% in the 3rd quarter. Credit Suisse AG now owns 79,121 shares of the oil and gas company's stock worth $ 507,000 after purchasing an additional 65,609 shares in the last quarter. Finally, UBS Group AG raised its stake in Calumet Specialty Products Partners, L.P by 34.8% in the 1st quarter. UBS Group AG now owns 211,856 shares of the oil and gas company's stock worth $ 1,494,000 after purchasing an additional 54,659 shares in the last quarter. 14.27% of the stock is owned by institutional investors and hedge funds.

About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

Recommended Story: What Factors Can Affect Return on Equity?

To view ValuEngine's full report, visit ValuEngine's official website.



Receive News & Ratings for Calumet Specialty Products Partners L.P Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners L.P and related companies with MarketBeat.com's FREE daily email newsletter.


Source link