Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares shot up 4.7% during trading on Friday . The company traded as high as $4.68 and last traded at $4.64, with a volume of 211,198 shares trading hands. The stock had previously closed at $4.43.

A number of brokerages recently commented on CLMT. Cowen and Company upped their target price on Calumet Specialty Products Partners, L.P from $5.00 to $10.00 and gave the company a “market perform” rating in a research note on Thursday, May 5th. Credit Suisse Group AG lowered Calumet Specialty Products Partners, L.P from an “outperform” rating to an “underperform” rating and cut their target price for the company from $32.00 to $11.00 in a research note on Monday, April 11th. Janney Montgomery Scott lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $8.00 in a research note on Monday, April 18th. Howard Weil cut their target price on Calumet Specialty Products Partners, L.P from $19.00 to $5.00 and set a “sector underperform” rating for the company in a research note on Monday, April 18th. Finally, Zacks Investment Research lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Five investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Calumet Specialty Products Partners, L.P has a consensus rating of “Hold” and an average price target of $12.16.

The stock’s market capitalization is $344.57 million. The firm’s 50-day moving average is $4.59 and its 200 day moving average is $10.14.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its earnings results on Thursday, May 5th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.83) by $0.04. On average, equities research analysts predict that Calumet Specialty Products Partners, L.P will post ($1.64) EPS for the current year.

In other news, Director James S. Carter acquired 26,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average cost of $3.72 per share, for a total transaction of $99,324.00. Following the acquisition, the director now directly owns 66,341 shares in the company, valued at $246,788.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP A Anderson William acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average price of $4.07 per share, with a total value of $40,700.00. Following the completion of the acquisition, the executive vice president now owns 25,392 shares in the company, valued at $103,345.44. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter worth $4,173,000. Morgan Stanley raised its position in shares of Calumet Specialty Products Partners, L.P by 51.9% in the fourth quarter. Morgan Stanley now owns 860,510 shares of the company’s stock worth $17,133,000 after buying an additional 293,839 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Calumet Specialty Products Partners, L.P by 212.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 120,664 shares of the company’s stock worth $2,402,000 after buying an additional 82,035 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter worth $7,943,000.

Calumet Specialty Products Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Company’s segments include specialty products, fuel products and oilfield services. In its specialty products segment, it processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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