Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares saw unusually-strong trading volume on Thursday . Approximately 447,338 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 486,078 shares.The stock last traded at $5.05 and had previously closed at $4.98.

Several equities analysts have issued reports on CLMT shares. Drexel Hamilton started coverage on shares of Calumet Specialty Products Partners, L.P in a research note on Wednesday, April 6th. They issued a “hold” rating and a $16.00 price objective for the company. Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 24th. Royal Bank Of Canada decreased their target price on shares of Calumet Specialty Products Partners, L.P from $7.00 to $5.00 and set a “sector perform” rating for the company in a research note on Friday, May 6th. Cowen and Company decreased their target price on shares of Calumet Specialty Products Partners, L.P from $23.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, April 18th. Finally, Howard Weil downgraded shares of Calumet Specialty Products Partners, L.P to an “underperform” rating in a research note on Tuesday, April 19th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.71.

The stock’s 50-day moving average price is $4.80 and its 200 day moving average price is $9.18. The company’s market capitalization is $378.03 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its earnings results on Thursday, May 5th. The company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.83) by $0.04. Equities analysts anticipate that Calumet Specialty Products Partners, L.P will post ($1.73) EPS for the current year.

In related news, Director Stephen P. Mawer acquired 11,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction on Wednesday, May 18th. The stock was purchased at an average cost of $3.68 per share, with a total value of $40,480.00. Following the completion of the transaction, the director now directly owns 5,025 shares in the company, valued at approximately $18,492. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP A Anderson William acquired 10,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $4.07 per share, with a total value of $40,700.00. Following the completion of the transaction, the executive vice president now owns 25,392 shares of the company’s stock, valued at $103,345.44. The disclosure for this purchase can be found here.

A number of institutional investors recently added to or reduced their stakes in CLMT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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 period. Morgan Stanley boosted its position in 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 period. Finally, Marshall Wace LLP bought a new position in Calumet Specialty Products Partners, L.P during the fourth quarter worth approximately $4,173,000.

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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